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

Written by Gregor Erbach (6th 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. After the European Parliament and the Council finalised their respective positions in February 2017, interinstitutional trilogue negotiations have now started.

 

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: Trilogue negotiations

Stage: voted in plenary

 

 

 

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The content of all documents (and articles) contained in this blog is the sole responsibility of the author and any opinions expressed therein do not necessarily represent the official position of the European Parliament. It is addressed to the Members and staff of the EP for their parliamentary work. Reproduction and translation for non-commercial purposes are authorised, provided the source is acknowledged and the European Parliament is given prior notice and sent a copy. Copyright © European Union, 2014. All rights reserved

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