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As part of the 'fit for 55' package, the Commission proposed a revision to the EU's emissions trading system (ETS) as regards carbon dioxide emissions from aviation. The proposal sought to ensure that the sector contributes to the EU's climate targets through increased auctioning of allowances, with an end to free allowances from 2027, and by applying the linear reduction of aviation allowances. The proposal would also integrate, into the revised ETS, the International Civil Aviation Organization's ...

The EU has the world's largest carbon-pricing system, the emissions trading system (ETS). Emissions pricing can encourage industrial decarbonisation, but it also risks carbon leakage, whereby EU companies move their production abroad. To date, the EU has mitigated this risk through free allocations to certain industries, but with rising climate ambition and higher carbon prices, the Commission is now seeking to phase out free allocations. A new carbon border adjustment mechanism (CBAM) will also ...

As part of the 'Fit for 55' package, the European Commission presented a legislative proposal to review the EU Emissions Trading System (ETS). The aim of the review is to align the EU ETS Directive with the EU targets set out in the European Climate Law. To this end, the amount of emission allowances would be reduced, fewer allowances would be allocated for free, and the ETS would be extended to maritime transport. A separate new emissions trading system would be established for fuel distribution ...

In a context in which aviation emissions are set to rise between now and 2050, the European Commission's proposal for a revision of the EU emissions trading system (ETS) for aviation, part of the 'fit for 55' package, aims to ensure the sector contributes to climate goals. Carbon dioxide (CO2) emissions from aviation have been included under the EU ETS since 2012. The revision will integrate the international measure to offset aviation emissions – CORSIA. The vote on the agreed text is scheduled ...

Part of a broader revision targeting the EU emissions trading system (ETS), the European Commission proposal to revise the market stability reserve (MSR) for the ETS would prolong its current parameters. Under the current rules, the percentage of allowances put into the MSR, and the minimum allowances placed in the reserve, have been doubled until end-2023, to allow for a quick removal of surplus EU ETS allowances. The proposal aims to maintain the current doubled intake rate (24 %) and minimum number ...

Review of the EU ETS: Fit for 55

Kort overzicht 20-06-2022

On 14 July 2021, as part of the 'Fit for 55' package, the Commission presented a legislative proposal for a revision of the EU Emissions Trading System (ETS), to align it with the target set in the European Climate Law of a 55 % reduction of EU net greenhouse gas (GHG) emissions by 2030, compared to 1990 levels. The report of the Committee on Environment, Public Health and Food Safety (ENVI) was rejected in the June I plenary session, but has been re-tabled for the June II session, including those ...

Carbon dioxide (CO2) emissions from aviation have been included under the EU emissions trading system (ETS) since 2012. Because of international pressure, a derogation is in place for emissions from flights to and from third countries. With aviation emissions projected to increase to 2050, the European Commission's proposal for a revision of the EU ETS for aviation, part of the 'fit for 55' package, aims to ensure the sector contributes to reaching the climate goals. The European Parliament is due ...

European ports becoming 'fit for 55'

Kort overzicht 27-04-2022

With its Climate Law, the EU has set itself the target of reducing its greenhouse gas (GHG) emissions by at least 55 % by 2030, and aims for climate neutrality by 2050. Of the maritime sector's CO2 emissions, between and 6 and 7 % are generated at berth in ports in the European Economic Area. This calls for a strong focus on the greening of shipping, making port services sustainable and infrastructure for alternative fuels available. In parallel, key maritime and inland ports on the trans-European ...

Part of a broader revision targeting the EU emissions trading system (ETS), the proposal to revise the market stability reserve (MSR) for the ETS consists of prolonging its current parameters, and is the first legislative proposal from the 'Fit for 55' package to be voted in plenary. Under the current rules, the intake rate of allowances to the MSR and the minimum allowances placed in the reserve have been doubled until the end of 2023, to allow for a quick removal of surplus EU ETS allowances. The ...

The IA identifies three problems that need to be tackled, but the analysis regarding how to promote broad and effective participation by states in CORSIA would have benefited from further explanation. The section of the report dealing with the objectives seems less than comprehensive and insufficiently developed. While the options considered appear to be sufficiently broad, a clear and transparent ranking based on the various elements considered is missing. The IA appears to reflect a satisfactory ...