No major reform to EU ETS until 2017 at earliest

The European Commission has issued its long-awaited report on structurally reforming the emissions trading scheme, but years of discussion are ahead

There will not be any structural reform of the EU emissions trading scheme (EU ETS) until at least 2017, the European Commission said today (14 November).

It is unlikely to be possible to agree on and implement actions to deal with the current surplus of carbon allowances in the scheme before then.

The Commission makes the comment in a report proposing six options to reform the carbon market. The options are the same as those leaked last month (ENDS Report, 31 October).

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