EU countries back plan to give industries more free CO2 permits
The extra permits could save companies about €8.25 billion in carbon costs, Reuters calculations show, as EU talks on final rules are fast-tracked.
- On Wednesday, European Union countries backed a proposal to give heavy industries an extra 121 million free CO2 permits over 2026-2030, helping struggling companies maintain economic competitiveness.
- Although the Emissions Trading System is designed to reduce free permits gradually, the European Union provides a pool of free allocations to help firms compete against foreign rivals lacking emissions costs.
- Beneficiaries include chemical producers, metals processing companies, and ceramics and glass makers, with the initiative potentially saving businesses about 8.25 billion euros in carbon costs.
- European Union countries will negotiate the final rules, known in EU jargon as the ETS "fall-back benchmarks," with the European Parliament to fast-track a final deal this year.
- The European Union is also negotiating broader reform of the Emissions Trading System, aiming for a comprehensive deal by 2027 that extends beyond the current permit allocation.
14 Articles
14 Articles
EU countries back plan to give industries more free CO2 permits
European Union countries on Wednesday backed proposals to give more free emissions permits to heavy industries over the next few years to help struggling companies to stay economically competitive.
The Council of the EU announced that it had reached an agreement on a revision of the European legislation on free carbon emission allowances for heat and fuels. This measure aims to protect European industries and is to be agreed with the European Parliament, the statement said, BTA reported. The change will help energy-intensive industries remain competitive and is part of changes to the EU emissions trading system. EU countries agreed today t…
The Council today defined its position on a review of legislation to increase the allocation of free emission allowances to sectors covered by the EU Emissions Trading System reference values for heat and fuels from 2026 to 2030, the institution announced in press release.
The EU Member States have agreed on Wednesday to increase the free permits for CO2 emissions received by energy-intensive industries between 2026 and 2030, a measure that they say will save some 6 billion euros for these sectors and with which they seek to reduce the risk of CO2 emissions. [...] La entrada The Twenty-Seven agree to give more free permits for CO2 emissions to the energy-intensive industry aparece primero en Forbes España.
EU member states have urgently agreed to relax EU climate policy for heavy industry. Free ETS allowances will help companies remain competitive in the global market. Polish MEPs have announced they will fight for an even larger pool of support.
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