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European Parliament nearing consensus on emissions trading revamp as tougher stance on permits wins backing

Published on: 12 May 2022
Published by: MLex
  • European Parliament nearing consensus on emissions trading revamp as tougher stance on permits wins backing
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Article summary

MLex: The European Parliament has taken a key step toward an agreed negotiating stance on revamping the EU's Emissions Trading System (ETS), as key lawmakers from the environment committee agreed to end allocation of free emissions permits by 2030 and lower the ceiling on the total that can be granted. The compromise deal, agreed on 10 May 2022, will face a vote in the environment committee on 17 May 2022 and, if passed, a vote of the full parliament in early June 2022. or take a trial to read the full analysis.

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