On Monday 28 February, the French Presidency of the Council of the European Union transferred to the Member States a progress report on the discussions on five dossiers of the climate legislation package aimed at enabling the European Union to reduce its greenhouse gas (GHG) emissions by at least 55% by 2030 compared to 1990 levels (‘Fit for 55’ package).
One of these, and a central element of the package, is the revision of the EU Emissions Trading System (ETS) and the creation of a...