The French Presidency of the Council of the European Union delivered a proposed political agreement (‘general approach’) to Member States on Friday 10 June on the revision of the EU Emissions Trading System (ETS), leaving aside the chapter on the creation of a second ETS covering emissions from the heating of buildings and road transport (ETS2).
The proposed general approach retains the main parameters of the ETS as set out in the revision proposal, such as the increase in the linear...