31/03/2026 (Agence Europe) – In response to a request from the European Council (see EUROPE 13832/1), the European Commission is due to submit a targeted amendment to the ‘ETS’ greenhouse gas emissions trading system on Wednesday 1 April. On Tuesday 31 March, Peter Liese MEP (EPP, German) proposed two courses of action for this legislative review. In his view, the stability reserve should be developed into an instrument for dealing with high prices on the emissions allowance market, which now fluctuate between €70 and €100. Mr Liese is also advocating greater flexibility in the ETS benchmarks used to determine the quantity of free allowances allocated to industrial sectors exposed to the risk of carbon leakage. “Benchmarks are the level of the top 10% best-performing installations in a given sector”, such as paper, cement clinker or glass, he said in a press release. (MB)