EU Emissions Trading System reform

E877506

The EU Emissions Trading System reform is a major overhaul of the EU’s carbon market aimed at tightening emissions caps, expanding sector coverage, and aligning climate policy with the bloc’s 2030 and 2050 climate targets.

All labels observed (2)

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf EU legislative initiative ⓘ
carbon market reform ⓘ
climate policy reform ⓘ
affects EU carbon allowance market ⓘ
compliance costs for regulated installations ⓘ
investment incentives in low-carbon technologies ⓘ
aimsTo align the EU ETS with the EU 2030 climate targets ⓘ
align the EU ETS with the EU 2050 climate targets ⓘ
expand sector coverage of the EU ETS ⓘ
reduce greenhouse gas emissions in the European Union ⓘ
tighten emissions caps in the EU ETS ⓘ
appliesTo EU Emissions Trading System ⓘ
basedOn EU 2030 emissions reduction target ⓘ
EU climate neutrality objective by 2050 ⓘ
changes allocation rules for emissions allowances ⓘ
emissions cap trajectory in the EU ETS ⓘ
scope of sectors covered by the EU ETS ⓘ
environmentalGoal limit global temperature increase in line with the Paris Agreement ⓘ
geographicalScope European Union member states ⓘ
implementedBy European Commission ⓘ
European Union ⓘ
includes gradual phase-out of free allowances for certain sectors ⓘ
introduction or expansion of carbon pricing for buildings and road transport ⓘ
revision of free allocation of allowances ⓘ
strengthening of the Market Stability Reserve ⓘ
legalBasis Treaty on the Functioning of the European Union provisions on environment and climate ⓘ
linkedTo EU Climate Law ⓘ
Fit for 55 legislative package ⓘ
linked to: Fit for 55 package
monitoredBy European Commission Directorate-General for Climate Action ⓘ
motivatedBy need to meet Paris Agreement objectives ⓘ
objective accelerate decarbonisation of covered sectors ⓘ
contribute to EU greenhouse gas emissions reduction of at least 55 percent by 2030 compared to 1990 levels ⓘ
increase carbon price signal in the EU ETS ⓘ
partOf European Green Deal policy framework ⓘ
linked to: European Green Deal
policyInstrument cap-and-trade system ⓘ
policyType market-based climate policy ⓘ
relatedTo Carbon Border Adjustment Mechanism ⓘ
EU adaptation of carbon leakage rules ⓘ
requiresApprovalBy Council of the European Union ⓘ
European Parliament ⓘ
targetsSector aviation within the European Economic Area ⓘ
buildings sector ⓘ
energy-intensive industries ⓘ
maritime transport ⓘ
power sector ⓘ
road transport ⓘ
timeHorizon up to 2030 ⓘ
up to 2050 ⓘ

How these facts were elicited

Referenced by (4)

Full triples — surface form annotated when it differs from this entity's canonical label.

Fit for 55 package → includesInstrument → EU Emissions Trading System reform ⓘ
Effort Sharing Regulation revision → relatedTo → EU Emissions Trading System revision ⓘ
linked to: EU Emissions Trading System reform
Renewable Energy Directive revision → complements → EU Emissions Trading System reform ⓘ
Energy Efficiency Directive revision → relatedTo → EU Emissions Trading System reform ⓘ