EU Commission Proposes Revision Of EU Emissions Trading System

Cutting ETS Linear Reduction Factor To 3.1% From 2031-2035, Then 1.7% From 2036, Down From 4.3% Today Reducing The ETS Market Stability Reserve's Intake Rate To 12% After 2030, Down From 24% Today Using International Carbon Offset Credits To Cover 2% Of ETS Sectors' Emissions Reductions Proposes Adding 250 Million Tonnes Of Domestic Carbon Removals To The ETS Proposes Giving Industries 80% Of Free Carbon Permits Upfront, Withholding 20% Until They Make Promised Investments In Decarbonisation Proposes Updating Free Allocation 'Fallback Benchmarks' To Slow Update Rate To Maximum 2%, Down From 2.5% Today Proposes Continuing ETS Modernsation Fund For 12 Poorest Eu Countries Proposes Requiring Member States To Spend 50% Of Their ETS Revenues On Decarbonising ETS-Covered Sectors Proposes Adding Waste Incineration Sector To ETS Gradually, Over 2031-2034 Proposes Extending ETS To Cover Flights Leaving Europe For Countries Up To 5,000 Km Away Proposes Bringing Ships As Small As 400 Gross Tonnage Into ETS, Down From 5,000 Today READ HERE