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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