Environment ministers from the 28 EU countries are meeting in Brussels on Tuesday to try to reach a common position on reform of the EU’s Emissions Trading System (ETS). The position of the ministers – the Council of the EU – will serve as the basis for negotiations with the European Parliament.
The parliament has already voted to make significant changes to the EU ETS, but needs backing from the council for the reforms to take effect. The most prominent reform adopted in Strasbourg last week was the proposed changes to the Market Stability Reserve (MSR).
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