Post-2020 reform of the EU Emissions Trading System
In July 2015, the European Commission proposed a reform of the EU Emissions Trading System (ETS) for the 2021-2030 period, following the guidance set by the October 2014 European Council meeting. The proposed directive introduces a new limit on greenhouse gas (GHG) emissions in the ETS sector to achieve the EU climate targets for 2030, new rules for addressing carbon leakage, and provisions for funding innovation and modernisation in the energy sector. It encourages Member States to compensate for indirect carbon costs. In combination with the Market Stability Reserve agreed in May 2015, the proposed reform sets out the EU ETS rules for the period until 2030, giving greater certainty to both industry and investors. In the European Parliament, the ENVI Committee took the lead on the proposal, while it shared competence with the ITRE Committee on some aspects. The European Parliament and the Council adopted their respective positions in February 2017, and interinstitutional trilogue negotiations were concluded in November 2017. After its adoption by Council and Parliament, the Directive entered into force on 8 April 2018.
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- adoption of a law by vote
- deterioration of the environment
- ENERGY
- energy efficiency
- energy policy
- ENVIRONMENT
- environmental policy
- EUROPEAN UNION
- European Union law
- greenhouse gas
- industrial structures and policy
- INDUSTRY
- innovation
- international affairs
- international convention
- INTERNATIONAL RELATIONS
- intra-EU trade
- marketing
- marketing standard
- modernisation of industry
- parliamentary proceedings
- POLITICS
- PRODUCTION, TECHNOLOGY AND RESEARCH
- proposal (EU)
- reduction of gas emissions
- research and intellectual property
- TRADE
- trade policy
- tradeable emission permit