The European Commission wants to widen the scope of the scheme
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
14 January 2025
Bioenergy will be a key part of the energy transition as the world decarbonises, and Brazil is set to be a major player in the sector
14 January 2025
The region has ample resources of both gas and renewable energy and developing both will be vital to the global effort to reduce emissions
13 January 2025
The region’s fast-growing economies stand at a pivotal juncture, with the opportunity to drive a sustainable growth strategy that will keep the world’s net-zero ambitions alive
10 January 2025
Global energy demand keeps rising, and digital technology will play a crucial role in both meeting that demand and doing so in a sustainable way
