CO2 removal technology not required in ETS until 2040 – Montel News
Including carbon removals in the EU Emissions Trading System before 2040 risks exacerbating oversupply that has plagued the market
Including carbon removals in the EU Emissions Trading System before 2040 risks exacerbating oversupply that has plagued the market
Including carbon removals in the EU Emissions Trading System before 2040 risks exacerbating oversupply that has plagued the market
This European Commission consultation looks at protection from Carbon Leakage in ETS Phase 4 (2021-2030), and asks how exactly free allowances should be distributed to EU industry
One-off flexibility between the ETS and ESR would increase the total EU emission budget for 2021-2030 by about 200 million tonnes
To drive CO2 reductions on the ESR, policy makers should not only focus on limiting the overall size of the Safety Reserve, but also – and even more importantly – on preventing or at least limiting a second distribution round.