With the latest proposals for the design of flexibilities in the Effort Sharing Regulation, there is a risk that member states will first exhaust the ‘external’ flexibilities (with the EU ETS and the LULUCF sector), before using the options of cooperation with other...
This briefing explores the impact of the proposed ‘Safety Reserve’ on the 2030 Effort Sharing Regulation (ESR) and the the ability of Member States to trade Annual Emissions Allowances (AEAs) under Article 5 with use of various emissions scenarios. In...
