EU ETS Reform for 2030 Climate Goals

Summary

A proposal to reform the EU Emissions Trading System (ETS) to meet 2030 climate targets, fund green innovation, and support a fair transition for workers.
10 19.03.2018
Other
energy
economy
industry
transport
environment
social policy
administrative reform
international relations
business and competition
public finance and budget policy

Key points

  • The proposal aims to align the EU emissions system with the goals of the Paris Agreement.
  • A new annual reduction factor is proposed to tighten the limit on total allowed emissions.
  • The rules for how much free permission companies get will be more dynamic, adjusting based on changes in their production levels.
  • A Modernisation Fund will be used to help lower-income Member States upgrade their energy systems.
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