European ministers set out timetable for EU ETS reform
- Published on Tuesday, 07 May 2013 16:45
- Posted by Vicki Mitchem
Ministers from nine European member states, have today set out action they want to see this year to reform the EU's Emissions Trading System (ETS)
Energy and Environment Ministers from nine European member states, including the UK, France and Germany, have today set out action they want to see this year to reform the EU's Emissions Trading System (ETS) to ensure it remains at the forefront of EU policies to combat climate change and drive low carbon investments.
The joint statement sets out clear direction and deadlines on next steps on EU ETS reform including:
Calls for national governments in the Council and MEPs in the Parliament to come to a resolution to backloading proposals by July this year at the latest
Calls for the European Commission to produce a legislative proposal to deliver proper structural reform to the EU ETS by the end of this year at the latest
Clarification on the key arguments and myths over the potential costs and risks of the backloading proposal that were communicated to MEPs in the run up to the European Parliament's vote in April
The joint statement coincides with the next set of discussions today (Tuesday 7th May) among MEPs leading on backloading in the Parliament's Environment (ENVI) Committee, ahead of discussions later this month between national governments on backloading and the European Commission considering options for structural reform of the EU ETS.