TheCompensators* » ETS reform might already happen in two years’ time

ETS reform might already happen in two years’ time

An important reform of the European Emissions Trading Scheme (EU ETS) might happen a lot faster than planned so far. On Tuesday, the European Parliament’s Committee for Industry rejected a vote for a reform in 2021. Now it is up to the EP’s Environment Committee to define a position for the Parliament – and it is probable that it will suggest to the plenary to implement a reform as of 2017, i.e. in two years’ time.

The reform suggested by the European Commission aims at increasing the price of pollution. Whenever there is a surplus of emissions certificates, less new allowances will be given out. Once the price increases significantly, new certificates would be released.

For more details, please an article in European Voice.

 

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