As part of its ‘Fit for 55’ climate legislation package presented on 14 July, the European Commission has proposed a revision of the EU Emissions Trading System (ETS), including the creation of a new ETS for road transport and buildings, as well as a modification of some of the rules of the current scheme and its expansion to the maritime sector (see EUROPE B12762A1). In the face of such changes, the European Commission will have to ensure, among other things, the stability of the EU...