On Tuesday 5 April, the European Parliament adopted by a large majority (490 votes in favour, 127 against and 7 abstentions) the draft report by Cyrus Engerer (S&D, Malta) on the revision of the ‘Market Stability Reserve’ (MSR), a mechanism to deal with the surplus of allowances in the EU Emissions Trading System (ETS).
This is the first dossier of the ‘Fit for 55 package’ on which the Parliament has adopted its position, less than 3 months after the presentation of Mr Engerer’s...