On Wednesday 18 February, the Member States’ ambassadors to the European Union (Coreper) approved without amendment the proposal for a targeted revision of the market stability reserve for the ‘ETS2’ emissions trading scheme extended to the building and road transport sectors (see EUROPE B13761A2).
By automatically adjusting the number of emission allowances available in the event of price fluctuations, the market stability reserve helps to correct imbalances between supply and...