EU Environment Ministers meeting in Brussels today have reached an agreement on the revision of the Emission Trading System (ETS) for the next decade. According to Climate Action Network (CAN) Europe, the outcome, while slightly better than expected, is far too weak to repair the broken scheme or align the EU’s planned emission reductions with the global temperature goals it committed to under the Paris Agreement.

EU Environment Ministers meeting in Brussels next Tuesday, 28th February aim to reach an agreement on the revision of the Emission Trading System (ETS) for the next decade.

On 15 February, the European Parliament will vote on the redesign of the Emissions Trading Scheme (ETS) for the coming decade. The Parliament’s decision is the most important political milestone on the way to turn the ETS into an effective climate protection tool and incentivise polluting industries to embrace the shift to a green economy.

The European Parliament voted today on its position for the redesign of the EU Emissions Trading Scheme for the coming decade. Instead of scaling up emission cuts beyond what the Parliament’s environment committee has proposed, lawmakers watered down provisions aimed at increasing the level of ambition of the reform.

The annual State of the Energy Union report published by the European Commission today shows that the transition of the European economy away from fossil fuels is underway, but its pace is far too slow to meet the goals of the Paris Agreement.

  1. EU Environment Ministers back more ambition in the Emission Trading Scheme
  2. MEPs move ETS reform beyond Commission proposal but shy away from aligning it with the Paris Agreement
  3. No more presents for polluters - Make the EU ETS work for the climate!
  4. Garanti, Turkey’s top climate killer bank praised as climate champion

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