The European Commission is considering establishing a new stand-alone emissions trading scheme (ETS) covering greenhouse gas (GHG) emissions from buildings and road transport from 2025, according to a draft revision of the EU ETS Directive (2003/87), obtained by EUROPE on Wednesday 30 June.
According to the draft document, this carbon market will be “separate but adjacent” to the current ETS—which covers emissions from industry and aircraft flights between airports in the European...