EU Greenhouse Gas Emissions Trading System Adjustment
Brussels, November 5, 2024 – The European Union is considering significant adjustments to its Emissions Trading System (ETS) to align with the bloc’s more ambitious climate targets.
The ETS, which caps greenhouse gas emissions from certain sectors and requires companies to purchase permits for their emissions, would be overhauled to reduce the overall cap and introduce new sectors under its purview.
According to a proposal under discussion by the European Commission, the ETS cap would be lowered by an additional 6% per year from 2026, compared to the current 4.2% reduction. This would accelerate the transition to a low-carbon economy.
The proposal also seeks to broaden the ETS to include emissions from road transport and heating, which currently account for a significant portion of EU greenhouse gas emissions. These sectors would be phased into the system gradually, with full inclusion by 2030.
Additionally, the Commission is proposing to establish a separate ETS for aviation and maritime transport, which would operate alongside the existing system for stationary emissions.
The adjustments to the ETS are part of the EU’s broader efforts to achieve climate neutrality by 2050. The bloc is committed to reducing greenhouse gas emissions by at least 55% below 1990 levels by 2030.
The proposed ETS reforms have been met with mixed reactions from industry and environmental groups. Some businesses have expressed concerns about the potential costs of the cap reduction and the inclusion of new sectors. Environmentalists, on the other hand, argue that the adjustments do not go far enough to meet the EU’s climate goals.
The European Commission is currently seeking feedback on the proposed ETS changes. A public consultation will run until January 14, 2025, after which the Commission will develop a legislative proposal. The final ETS reforms are expected to be adopted in 2025 or 2026.
The ETS has been a key tool in reducing greenhouse gas emissions in the EU since its launch in 2005. The proposed adjustments aim to strengthen the system and contribute further to the bloc’s climate mitigation efforts.
Anpassung des EU-Treibhausgas-Emissionshandelssystems
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