The consultation targets to assemble reviews from stakeholders on other choices for a revision of the EU ETS Directive in the mild of the strategic steering given via EU leaders in October 2014 on the 2030 framework for local weather and effort.
Consistent with this steering, the consultation focuses on a number of problems relating to the implementation of the emission relief goal of no less than 40% in 2030 as in comparison to 1990, specifically loose allocation to business, the status quo of a modernisation and an innovation fund, and non-compulsory loose allocation of allowances to modernise electrical energy technology in some Member States.
The consultation introduced as of late enhances a number of consultations that experience already been carried out not too long ago on facets in terms of the legislative framework for the EU ETS for the duration after 2020, together with a consultation on post-2020 carbon leakage provisions. The effects of those consultations are to be had on the Commission’s site (see hyperlink underneath).
Based on a questionnaire, the on-line consultation will run till 15 March 2015. Earlier replies are inspired.
On 24 October 2014, the European Council agreed on the 2030 framework for local weather and effort, together with a binding home goal for decreasing greenhouse fuel (GHG) emissions of no less than 40% in 2030 as in comparison to 1990. To meet this goal, the European Council agreed that the emissions in the EU Emission Trading System must be lowered, in comparison to 2005, via 43%. A reformed EU ETS stays the primary software to reach the emission relief goal.
The Commission Work Programme 2015 offered on 16 December 2014 foresees that the Commission will start in 2015 to desk the legislative proposals to enforce the 2030 local weather and effort bundle. Commissioner Arias Cañete has already stated his intention to desk a legislative proposal for the revision of the EU ETS unexpectedly after the European Parliament and Council have agreed on the ultimate form of the proposed marketplace steadiness reserve.