European Parliament and Council negotiators are still some way off agreement on the structural reform of the ETS for the 2021-2030 period, the EU’s main market instrument for achieving its climate targets at the lowest possible cost. The second inter-institutional negotiating meeting, on Tuesday 27 June, was long but inconclusive and it is already being taken as read that the incoming Estonian Presidency of the Council will have much to do on this issue this summer.
The meeting, the first...