Commission recommends opening formal negotiations

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This request for a mandate follows the settlement reached between the Commission and Australia in August 2012 on a pathway against organising – by means of 1 July 2018 at the newest – a complete two-way hyperlink between the EU ETS and the Australian emissions buying and selling scheme. Under this association, companies shall be allowed to make use of carbon gadgets from the EU ETS or the Australian scheme for compliance underneath both device.

A negotiating mandate has already been granted by means of the Council to the Commission to go into into linking negotiations with Switzerland and those are progressing. Today’s proposal launches the formal procedure to ascertain the primary ever inter-continental linking of emissions buying and selling techniques.

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