The Green Brief: ‘F*** it, let’s try again’ on ETS reform

Euractiv | Jun 15, 2022 at 10:55 AM
  • The whole European Parliament will get to vote on it as well as the carbon border adjustment mechanism and social climate fund, both of which had to be delayed when lawmakers failed to agree on the carbon market reform.
  • It would maintain other changes to the current carbon market proposed by the Commission, including the rate at which the cap on CO2 permits in the scheme falls each year, and a 2035 phase-out of the free CO2 permits industries receive.
  • Diplomats will also discuss rules to make it easier to respond to CO2 price spikes, ahead of a meeting later this month where ministers will attempt to agree their stance on the policies, before countries and the EU parliament negotiate the final laws.