![]() To help advance sectoral decarbonisation, free allocation rules have been adapted. The price fluctuations mechanism has also been reinforced. In parallel, operational parameters of the Market Stability Reserve have been calibrated to continue fostering a balanced EU carbon market. Altogether, the cap is tightened to bring emissions down by 62% by 2030 compared to 2005 levels. To achieve the necessary emission reductions cost-effectively, the EU ETS has been strengthened, and its scope expanded to maritime transport. The revised EU ETS will contribute to delivering this target. ![]() As a first milestone, the EU is aiming to reduce net emissions by at least 55% by 2030 compared to 1990. Under the European Climate Law, EU Member States will work collectively to become climate neutral by 2050. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |