EC proposes to extend carbon price exemptions

The European Commission has proposed to extend out to 2030 the system of safeguards shielding industry from the EU carbon price

The European Commission has proposed to extend out to 2030 the system of safeguards for industry from the EU carbon price.

It proposed to hand out around €160bn worth of emissions allowances for free to industry during the next trading phase, 2021-30.

This is intended to safeguard industrial competitiveness as the rate at which the annual cap in the emissions trading system (ETS) increases to 2.2%, from 1.74% currently.

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