The European Commission plans to revise the EU's market stability reserve before overhauling the broader emissions trading system, with EU Climate Commissioner Wopke Hoekstra announcing the reform will likely be proposed in July. The move aims to address price volatility in the ETS, which require factories, power plants, airlines, and shipping companies to pay for carbon emissions, following recent market turbulence linked to statements by German Chancellor Friedrich Merz about potentially delaying the system.
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The European Commission plans to revise the EU's market stability reserve before overhauling the broader emissions trading system, with EU Climate Commissioner Wopke Hoekstra announcing the reform will likely be proposed in July. The move aims to address price volatility in the ETS, which require factories, power plants, airlines, and shipping companies to pay for carbon emissions, following recent market turbulence linked to statements by German Chancellor Friedrich Merz about potentially delaying the system.