Deal reached on early ETS reform

Member states and MEPs have agreed to implement carbon market reform from 2019 and to transfer ‘backloaded’ allowances directly into the planned Market Stability Reserve

EU lawmakers have agreed to implement carbon market reform from 2019 and to transfer ‘backloaded’ allowances directly into the planned Market Stability Reserve (MSR).

The agreement reached on Tuesday evening brings forward the implementation of the MSR by two years relative to the European Commission’s proposal.

The deal struck between MEPs and member states is largely in line with the latter’s position, agreed last week.

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