The draft law presented today is intended to “strengthen, expand and improve the functioning of the ETS,” in order to help the EU meet its target of a 20% reduction on 1990 emissions levels by 2020. A target of 30% will be adopted if countries outside the EU commit to comparable efforts in reducing emissions.
The law proposes a single, EU-wide cap on emissions, instead of the current 27 national caps. The annual cap will decrease by 1.74%, starting from the level of the phase II cap, through
The week on Risk.net, July 14–20, 2017Receive this by email