The main purpose of the EU Emissions Trading System (EU ETS) is to put a price on emissions and generate revenues from companies buying allowances for creating those emissions. Right now energy, manufacturing and aviation are covered. From 2027, maritime transport will be added to the existing EU ETS, while buildings and road transport will be regulated in the upcoming ETS2. From then, nearly 80% of total EU emissions will be under the ETS and … [Read more...]
Understanding the new EU ETS (Part 2): Buildings, Road Transport, Fuels. And how the revenues will be spent
A fortnight ago we published Simon Göss’s explainer of the big changes happening to the EU’s Emissions Trading Scheme (ETS). That article covered the new rules coming in for the existing EU ETS, and the implementation of the new carbon border adjustment mechanism (CBAM). This article explains the introduction of an EU ETS II that extends emissions trading to the buildings sector, road transport and the usage of fuels in other, as of now not … [Read more...]
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