On Tuesday 14 March, the European Parliament approved by a large majority (504 votes in favour, 118 against and 11 abstentions) the Interinstitutional Agreement reached at the end of 2022 (see EUROPE B12927A12) on the revision of the Market Stability Reserve (MSR) for the EU Emissions Trading System (ETS).
Launched in 2005, the ETS determines the total amount of greenhouse gases that companies are allowed to emit. The latter can, while conforming to this ceiling, receive or purchase...