Locked content EU approves ETS reform

The European Parliament approved the ETS reform aimed at accelerating the withdrawal of emission allowances available on the EU Emissions Trading System (ETS) carbon market. The reform has been implemented to increase prices for greenhouse gas emissions to over €30 per metric ton. On the one hand, i...

EU agrees on ETS carbon market reform

EU member states came to an agreement regarding the bloc’s the EU Emissions Trading System (ETS). The cap-and-trade system is the EU’s flagship tool for reducing greenhouse gases and meeting its climate goals by regulating emissions at some 12,000 industrial and power installations.