Tag Archive for 'market reserve'

Latvian EU Presidency: Council and Parliament Negotiators Agree to Start EU ETS Market Stability Reserve in 2019

Council and European Parliament representatives reached an agreement in principle on the decision concerning the establishment and operation of a market stability reserve (MSR) for the European Emission Trading System (EU ETS), the Latvian Presidency informed. MSR shall start in 2019 and correct supply-demand imbalances due to an surplus of emissions allowances in the EU ETS of about 2.1 billion allowances.

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EU ETS – Environment Minister Hendricks Calls for Faster Reform

The representatives of the Permanent Representatives Committee (Coreper) adopted a negotiation mandate for reforming the European Emission Trading Scheme (EU ETS) paving the way for a trilogue between the Latvian Presidency, the EU Parliament and the Commission, German Environment Minister Barbara Hendricks informed. She welcomed part of the compromise but demanded a faster pace.

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EU Environment Committee Votes in Favour of ETS Market Reserve, Advocates Early Start and Inclusion of “Back-loaded” Allowances

The Environment Committee of the European Parliament has voted in favor of a draft law proposing to reform the EU Emissions Trading Scheme (ETS) by reducing the surplus of emission allowances available for trading in order to support the price. They advocated introducing the mechanism early, by the end of 2018, and also proposed preventing the automatic return to the market of a portion of allowances “back loaded” (withheld from the scheme) last year in a separate vote.

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