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Policy & Regulation

Setback for EU ETS reform after MEPs fail to find consensus

Supporters of early reform of the EU’s Emissions Trading System faced a setback on Thursday after MEPs rejected a draft opinion on the proposed Market Stability Reserve in a non-binding vote.
By Andreas Walstad 23 January 2015 Europe & Russia / Policy & Regulation 0 15082

Supporters of early reform of the EU’s Emissions Trading System (EU ETS) faced a setback on Thursday after MEPs in the European Parliament rejected a draft opinion on the proposed Market Stability Reserve (MSR) in a non-binding vote. 

MEPs in the parliament’s committee for Industry, Research and Energy (ITRE) blocked the opinion with 31 votes against, 28 for and seven abstentions. 

The parliament’s Environment Committee (ENVI), which has the legislative responsibility on the file, is expected to vote on 24 February. The MSR proposal needs...