European Parliament
EPP proposes faster allowance sale to lower ETS price
Largest group in European Parliament has suggested sale of allowances across one year to finance investments in energy projects
The European Parliament’s largest group, the European People’s Party (EPP), has proposed an amendment to sell a tranche of allowances from the EU’s emissions trading system (ETS) across one year, instead of four as currently planned, to lower the price of allowances and help ease electricity costs. Allowance costs account for about 6pc of the price of power. The proceeds of the sale will be used to finance investments in renewables, energy efficiency and LNG terminals. In its RepowerEU package, set out in March, the European Commission proposed selling €20bn ($20bn) worth of allowances from the ETS to finance its Recovery and Resilience Fund (RRF). The allowances would have been sold across
Also in this section
22 July 2025
Sinopec hosts launch of global sharing platform as Beijing looks to draw on international investors and expertise
22 July 2025
Africa’s most populous nation puts cap-and-trade and voluntary markets at the centre of its emerging strategy to achieve net zero by 2060
17 July 2025
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
9 July 2025
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30
