European Parliament seeks to limit the economic and social impact of EU ETS 2 implementation

Negotiators from the European Parliament and the Council of the European Union will meet with the European Commission on June 10 to finalize a proposal aimed at avoiding excessive increases in CO2 allowance prices in the future European carbon market for buildings and road transport (ETS2), scheduled to enter into force in 2028. The proposal notably plans to double the number of CO2 allowances released from the Market Stability Reserve (MSR) from 20 to 40 million when prices exceed €45 per tonne.