Revision of the EU Emissions Trading System (ETS), including maritime, aviation and CORSIA

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Informationsvermerk: Revision of the EU Emissions Trading System (ETS), including maritime, aviation and CORSIA

Practical information

  1. Composition of the study group
  2. Administrator / Assistant in charge: Anna CAMERON + Ulrike MEISSNER / Lukáš ĎURECH
  3. Contact

Background

The Commission proposal for a revised ETS directive is expected in July 2021, along with proposals for the revision of other EU key climate legislation.

The EU ETS was launched in 2005 and covers about 45 % of EU greenhouse gas emissions. The latest revision of the EU ETS Directive, adopted in 2018, sets the total quantity of emission allowances for phase 4 (2021-2030), in line with what was the current EU emission reduction target at the time (40 % reduction below 1990 levels by 2030).

On 21 April 2021, the European Parliament and the Council of the EU, on the European Commission's proposal, reached a provisional political agreement on the European Climate Law, including a net carbon emissions reduction target of at least 55% by 2030 compared to 1990 levels.

This opinion will provide the civil society perspective on the revised proposal following the revision of the EU emission reduction target to at least 55% by 2030.