EU Parliament, Council Agree to Boost Free ETS Allowances for ‘Fallback’ Industries « Carbon Pulse
18 Articles
18 Articles
The Council of the European Union and the European Parliament have reached an interim agreement to increase free CO2 emission permits for energy-intensive industries, such as chemicals, paper bins or glass manufacturers, with the aim of reducing their costs and preventing them from moving their production to countries with less stringent environmental standards.
EU industry is expected to have to pay less for emissions. EU Parliament and Member States negotiators agreed to allocate additional free emission allowances to affected sectors on a temporary basis.
The EU Parliament and the Member States agreed on 120 million additional free certificates for 2026 to 2030.
It is one of the EU's key climate protection instruments: the greenhouse gas trading system. For a limited period of time, it is intended to facilitate industry.
Companies in the EU are expected to receive more free emission allowances for a limited period of time, with the aim of reducing the financial burden on industry and avoiding emigration.
It is one of the EU's key climate protection instruments: the greenhouse gas trading system. For a limited period of time, it is intended to facilitate industry.
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