IIGCC response to European Commission consultation on EU ETS
As part of delivering at least a 55% reduction in greenhouse gas emissions in the EU by 2030, the Commission is undertaking reviews of relevant EU policies against this target. This includes a review of the emissions trading system (ETS), and proposed extension of the ETS to new sectors of the economy. The Commission will also review the ETS ‘market stability reserve’ for handling unused emissions allowances after 3 years of its operation.
To inform the revision of the EU ETS, the European Commission invited stakeholder views via consultation, ahead of a legislative proposal expected for June 2021. See more info on the consultation process here.
This response, available to download below, was submitted to the European Commission on behalf of IIGCC on 4 February 2021.