EU Emissions Trading System reform

E877506

The EU Emissions Trading System reform is a major overhaul of the EU’s carbon market aimed at tightening emissions caps, expanding sector coverage, and aligning climate policy with the bloc’s 2030 and 2050 climate targets.

All labels observed (1)

Label Occurrences
EU Emissions Trading System reform canonical 1

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf EU legislative initiative
carbon market reform
climate policy reform
affects EU carbon allowance market
compliance costs for regulated installations
investment incentives in low-carbon technologies
aimsTo align the EU ETS with the EU 2030 climate targets
align the EU ETS with the EU 2050 climate targets
expand sector coverage of the EU ETS
reduce greenhouse gas emissions in the European Union
tighten emissions caps in the EU ETS
appliesTo EU Emissions Trading System NERFINISHED
basedOn EU 2030 emissions reduction target
EU climate neutrality objective by 2050
changes allocation rules for emissions allowances
emissions cap trajectory in the EU ETS
scope of sectors covered by the EU ETS
environmentalGoal limit global temperature increase in line with the Paris Agreement
geographicalScope European Union member states
implementedBy European Commission NERFINISHED
European Union NERFINISHED
includes gradual phase-out of free allowances for certain sectors
introduction or expansion of carbon pricing for buildings and road transport
revision of free allocation of allowances
strengthening of the Market Stability Reserve
legalBasis Treaty on the Functioning of the European Union provisions on environment and climate NERFINISHED
linkedTo EU Climate Law NERFINISHED
Fit for 55 legislative package NERFINISHED
monitoredBy European Commission Directorate-General for Climate Action NERFINISHED
motivatedBy need to meet Paris Agreement objectives
objective accelerate decarbonisation of covered sectors
contribute to EU greenhouse gas emissions reduction of at least 55 percent by 2030 compared to 1990 levels
increase carbon price signal in the EU ETS
partOf European Green Deal policy framework NERFINISHED
policyInstrument cap-and-trade system
policyType market-based climate policy
relatedTo Carbon Border Adjustment Mechanism NERFINISHED
EU adaptation of carbon leakage rules
requiresApprovalBy Council of the European Union NERFINISHED
European Parliament NERFINISHED
targetsSector aviation within the European Economic Area
buildings sector
energy-intensive industries
maritime transport
power sector
road transport
timeHorizon up to 2030
up to 2050

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Referenced by (1)

Full triples — surface form annotated when it differs from this entity's canonical label.

Fit for 55 package includesInstrument EU Emissions Trading System reform