The political groups in the European Parliament seemed to agree that the proposed revision of the ‘market stability reserve’ (MSR), a mechanism to deal with the current surplus of emission allowances in the EU carbon market, should remain a “technical” dossier, when MEP Cyrus Engerer (S&D, Malta) presented his draft report on Thursday 13 January.
This issue is directly linked to the revision of the EU Emissions Trading System (ETS) currently under discussion (see EUROPE B12867A3).