EU to Increase to 700 Million Limit of Emission Allowances for Polluting Gases

Sapo

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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…

Ekolist.cz

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The Member States of the European Union and the European Parliament have reached a preliminary agreement on amending the European Commission's April proposal for the ETS 1 emissions trading system. The Council of the EU announced this. The Commission proposed to amend the so-called Market Stability Reserve (MSR), which regulates the supply of allowances on the market. It had originally wanted to stop the mechanism that permanently cancels allowa…

berria.eus

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The credits that can be accumulated in the market stabilization mechanism will be increased from 400 million to 700 million. The EU Council and Parliament have committed to a complete reform of the carbon market in the future.

QualEnergia.it

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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.

Eunews

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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

Heti Világgazdaság

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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.