Read our EU ETS response
Read our Innovation Fund response
Our main messages:
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Simplify the EU ETS by phasing out free allocation
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Aviation: put a seat belt on EUA supply
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Free allocation: switch from process to products
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Link indirect cost compensation to carbon-free electricity only
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Reform the Innovation Fund to:
– Better assess the carbon footprint of electricity use
– Reserve grants to technology risk
– Reserve scale-up subsidies to poorly capitalised sectors -
Market Stability Reserve: reduce the reinjection rate as well as thresholds
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Keep carbon removals out of the ETS
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Do not shift CCU carbon accounting down value chains
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Limit linking with other ETS
Read our responses on the European Commission’s website:
Related publications
May 25th 2023
More on the EU ETS and climate financing
EU fails to lead the way on smart carbon markets – Analysis of the ETS reform
Deeper analysis of last week’s EU Emissions Trading System reform, and the consequences for the EU within the Paris Agreement
Out of touch ETS reform puts Member States in the spotlight
Last night’s trialogue agreement failed to restore the ETS as Europe’s flagship climate policy. The EU and Member States must now immediately look to how emissions can be cut rapidly before 2020 with other policies
Three ‘Fs’ to fix the ETS
Changes to funds, flexibility and free allocation are required to fix the EU carbon market
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