EP Wants to Maintain the Cancellation of Emission Allowances and Increase the Reserve Limit to 650 Million
4 Articles
4 Articles
The European Parliament has adopted a directive which maintains the mechanism for invalidating greenhouse gas emission allowances, raising its threshold to 650 million emissions.
On Tuesday, MEPs approved an amendment to the European Commission's April proposal concerning the ETS 1 emissions trading system. The Commission proposed to adjust the so-called market stability reserve (MSR), which regulates the supply of allowances on the market. Allowances should no longer be invalidated if...
MEPs today approved an amendment to the European Commission's April proposal for the ETS 1 emissions trading system. The Commission proposed to amend the so-called market stability reserve (MSR), which regulates the supply of allowances on the market. Allowances should no longer be invalidated if there are more than 400 million in the reserve. Instead, they should remain in the reserve as a reserve for the future. However, MEPs voted in plenary …
MEPs approved on Tuesday an amendment to the European Commission's April proposal for the ETS 1 emissions trading system. The Commission proposed to adjust the so-called Market Stability Reserve (MSR), which regulates the supply of allowances on the market. Now, allowances should not be invalidated if there are more than 400 million in the reserve. Instead, they should remain in the reserve as a stock for the future.
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