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Post-2020 reform of the EU Emissions Trading System [EU Legislation in Progress]

Written by Gregor Erbach (4th edition),

Post-2020 reform of the EU Emissions Trading System

© Kromosphere / Fotolia

In July 2015, the European Commission proposed a reform of the EU Emissions Trading System (ETS) for the period 2021-2030, following the guidance set by the October 2014 European Council. The proposed directive introduces a new limit on greenhouse gas (GHG) emissions in the ETS sector to achieve the EU climate targets for 2030, new rules for addressing carbon leakage, and provisions for funding innovation and modernisation in the energy sector. It encourages Member States to compensate for indirect carbon costs. In combination with the Market Stability Reserve agreed in May 2015, the proposed reform sets out the EU ETS rules for the period up to 2030, giving greater certainty to industry and to investors.

In the European Parliament, the ENVI Committee takes the lead on the proposal, while it shares competence with the ITRE Committee on some aspects. The ITRE Committee adopted its opinion on 13 October 2016; the vote in the ENVI Committee is expected in December.

Versions

Proposal for a Directive of the European Parliament and of the Council amending Directive 2003/87/EC to enhance cost-effective emission reductions and low-carbon investments
Committee responsible:

Rapporteur:

Environment, Public Health and Food Safety (ENVI)

Ian Duncan (ECR, UK)

COM(2015)0337 of 15 July 2015

procedure ref.: 2015/0148(COD)

Ordinary legislative procedure

Next steps expected: Vote in ENVI Committee

Stage: Committee vote

 

 

 

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