European emissions trading system agreement: A clear signal for industry to reduce emissions

European emissions trading system agreement: A clear signal for industry to reduce emissions

  • Tuesday, 20 December 2022

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Brussels, December 19, 2022 - On Sunday morning, December 18, negotiators from the European Parliament, the Council and the European Commission reached an agreement on the revision of the European carbon market (ETS) and the creation of a new EU Social Climate Fund.


The agreement sends a clear signal to industry to reduce emissions, but member states must urgently increase support for vulnerable families. Emissions trading as a climate policy instrument is a central element of the Green Deal and the Fit for 55 package to achieve the EU's climate target of reducing net EU emissions by at least 55% by 2030 and making the EU the first climate-neutral continent by 2050. The final step is the approval of the negotiation result by the European Parliament and the Council.


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