After a day of talks and several attempts at compromise, the Council of the EU in Brussels on Tuesday 28 February managed to reach a qualified majority political agreement on reform of the European carbon market (Emissions Trading System, ETS) for 2021-2030 (the fourth carbon quota trading period) (see EUROPE 11734, 11732).
European Environment ministers needed to make four attempts with a number of breaks but the Maltese Presidency’s work finally paid off thanks to a final amendment to...