The Estonian Presidency of the EU's efforts have paid off. European Parliament and presidency negotiators, assisted by the European Commission, reached a provisional interinstitutional agreement in the small hours of Thursday 9 November on reform of the EU's carbon trading system, ETS, for 2021-2030 (see EUROPE 118097). Nine hours of all-out talks enabled agreement to be reached in time for COP23 (6-17 November).
Coming after two years of work, the agreement in principle was the...