EU ministers back key reforms to ETS

Efforts to reform the EU’s Emissions Trading System have made progress, with European environment ministers backing key reforms to address the surplus of allowances
By Andreas Walstad 1 March 2017
EU Commissioner for Climate and Energy Miguel Arias Cañete at the summit on Tuesday. (EU)

Reform of the EU’s Emissions Trading System (ETS) took a leap forward at a summit of the Council of the EU on Tuesday, as EU environment ministers threw their weight behind key proposals adopted by the European Parliament last month. 

Ministers supported the proposal to double the intake rate of surplus allowances into the Market Stability Reserve (MSR) to 24% for five years starting in 2019.

“I am very pleased that the environment ministers today took a stand for our revised and strengthened EU ETS for...

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