EU ETS — latest ecology news
The risks include rising energy costs and the closure of enterprises or their relocation outside the European Union
The authorities believe this will make carbon prices more stable and predictable, reducing the fiscal shock to the economy
According to preliminary estimates, their implementation over the first ten years will reduce emissions by approximately 290 million tonnes
There are plans to adapt the emissions trading scheme to the EU’s climate target
This concerns emission permits and regulations relating to methane
There are plans to raise the quota removal threshold to 800 million and reinstate it from 2031
The decision is an attempt to strike a balance between business competitiveness and climate targets
The rationale behind this proposal is to support the eco-modernisation of enterprises, which generate revenue for the system and bear the brunt of the fiscal pressure
Activists also highlight issues with data transparency
The environmental community believes that political pressure has outweighed economic and market realities
The authorities want to oblige EU countries to allocate at least half of their carbon revenue to industry
At the same time, there are calls to review the ETS2, which is intended to require payment for emissions caused by heating and transport