What Changed
- European Parliament and Council reached a provisional political agreement on EU ETS rules.
- The political agreement covers a targeted amendment to strengthen the Market Stability Reserve (MSR).
- The European Commission welcomed the agreement aimed at improving long-term carbon market resilience.
The European Commission welcomed a provisional political agreement reached by the European Parliament and the Council of the European Union regarding a targeted amendment to the EU Emissions Trading System (EU ETS).
The amendment specifically targets the Market Stability Reserve (MSR) with the goal of enhancing the stability and long-term resilience of the EU carbon market. As this represents a provisional political agreement between the co-legislators, further formal procedural steps will be required before the final legal text is formally adopted and enters into force.
Who May Be Affected
Participants in the EU Emissions Trading System (EU ETS) and entities operating in the EU carbon market.
Cross-Border Context
Applies at the EU level; impacts international companies and cross-border traders operating within or linked to the EU carbon emissions trading framework.
What to check next
- Monitor formal voting and adoption dates by the European Parliament and Council
- Review the published text of the targeted amendment once available in the Official Journal of the European Union
This article provides general information and does not constitute legal advice. Consult the official text and obtain advice appropriate to your circumstances where needed.