EU looks to strengthen Emissions Trading System
Scheme will undergo further reforms this summer as part of increased EU ambition to reach net zero by 2050
This summer will see the start of another round of regulatory reform of the EU Emissions Trading System (EU ETS). The scheme sets a cap on the emissions that can be produced by the bloc’s largest-emitting sectors—power generation and industry. It issues a set number of EU allowances (EUAs) for emissions that can then be traded between firms. Although the ETS parameters were revised as recently as 2018 in preparation for the start of the market’s fourth phase (2021-30) this year, the advent of the EU Green Deal requires further adjustments to bring the number of EUAs circulating in line with the bloc’s increased climate ambition. 65pc – Expected reduction target for revised ETS The 20
Also in this section
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation
11 April 2024
Volatile allowance prices and small size of voluntary market undermine ability to drive investment, says Oxford Institute for Energy Studies
8 April 2024
Chevron New Energies is lead investor in funding round by Colorado-based provider of post-combustion capture technology