On Thursday 9 July, the European Commission adopted the operating rules for the Modernisation Fund set up under the revised Directive (2018/410) on the European Union Emissions Trading Scheme (ETS) (see EUROPE B11955A6).
The financing facility, which is to be established for the period 2021-2030, is intended to modernise the energy systems of Member States whose per capita GDP at market prices in 2013 was less than 60% of the EU average, and to improve energy efficiency.
Ten countries will...