Commission to propose six options for EU ETS reform

The UK supports some of the European Commission’s proposals, including raising the EU greenhouse gas target for 2020 and retiring carbon allowances

A higher 30% target to cut greenhouse gas emissions by 2020 and the permanent removal of more than a billion carbon allowances are among six options being considered by the European Commission to reform the EU emissions trading scheme (EU ETS).

The options are set out in a draft of the commission’s forthcoming ‘state of the carbon market’ report, obtained by ENDS.

The other four are: increasing the annual reduction in the size of the emissions cap; extending the EU ETS to new sectors; limiting use of Kyoto credits; and introducing "price management mechanisms".

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