SECTORAL POLICIES / Ets

ETS reform seeking to make post-2020 system more efficient is formally adopted

Brussels, 27/02/2018 (Agence Europe)

On Tuesday 27 February, the Council of the EU formally approved the reform of the EU emissions trading system (ETS) for the period after 2020. This is the main EU market instrument for reducing greenhouse gas emissions at low-cost and implementing the Paris Climate Agreement.

This reform was first initiated in July 2015 as a means of increasing carbon prices on the market and allowing the ETS to act as an incentive for investment in low carbon technologies and renewable energies. It should...