European Commission Calls for Comments On Post-2020 EU Emissions Trading Revisions

摘要

The European Commission is soliciting input through March 16 on the allocation and use of some of the carbon allowances that will be made available to participants in the European Union's emissions trading system after 2020. In a consultation document published Dec. 19, 2014, the commission said comments should be provided on the continued distribution of free carbon allowances to ETS participants and on the diversion of some allowances into funds to provide finance for "low-carbon innovation" and modernization of energy systems in the EU's poorer countries. EU leaders meeting in an October 2014 summit directed the European Commission, the EU's executive arm, to develop proposals on the distribution of free carbon allowances and on the low-carbon funds in preparation for the implementation of the 40 percent greenhouse gas emissions reduction to be achieved by 2030 compared to 1990 (37 INER 1494, 11/5/14) (207 DENA-2, 10/27/14)(206 ECR, 10/24/14).