EU to Increase to 700 Million Limit of Emission Allowances for Polluting Gases
6 Articles
6 Articles
According to a statement, the EU Council and the European Parliament (EP) reached an interim agreement on Tuesday, which increases from 400 million to 700 million the maximum number of emission rights that can be accumulated in the European reserve, a mechanism that retains surplus licences so that they can be returned to the market when necessary and that, according to current rules, definitively eliminates those that exceed the established lim…
On Tuesday 20 October, the Council and Parliament reached a provisional agreement on this dossier in order to increase the liquidity and predictability of the long-term market, [...] The post Ets, the EU recomposes the contrasts on the buffer reserve first appeared on QualEnergia.it.
The agreement reached by the Council and Parliament raises the threshold for the cancellation of allowances for the stability of the carbon market from 400 million to 700 million
The European Parliament and the Council have agreed on an amendment to the market stability reserve for the EU Emissions Trading System (ETS). The compromise increases the quantitative threshold above which allowances accumulated in the reserve are invalidated from the current 400 million to 700 million. The aim is to improve price predictability, protect industry's competitiveness and prevent a recurrence of oversupply.
The interim agreement still needs to be confirmed by both institutions before its formal adoption.
The European Union (EU) will increase from 400 million to 700 million the maximum number of pollutant emission allowances in reserve after a provisional agreement released today.
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