Article
The Revision Of The EU Emissions Trading System
The European Commission has unveiled a comprehensive proposal to revise the EU Emissions Trading System Directive, introducing significant changes including alignment with 2040 climate targets, integration of carbon removal mechanisms, and establishment of a EUR100 billion Industrial Decarbonisation Bank. The proposal extends the ETS scope to additional aviation routes, smaller maritime vessels, and municipal waste incineration while reforming free allocation rules and the Market Stability Reserve to balanc
A&O Shearman