Fit for 55 – EU proposal for amendments to the emissions trading system

The EU Commission has published a proposed Directive to amend the EU Emissions Trading System (ETS) Directive (Directive 2003/87/EC), the Market Stability Reserve (MSR) Decision (Decision (EU) 2015/1814) and the MRV Regulation (Regulation 2015/757). Being part of the EU’s “Fit for 55 Package”, the purpose of these amendments is to align the EU ETS Directive … Read more

Fit for 55 – European Commission publishes its proposal for a carbon border adjustment mechanism (EU CBAM)

On 14 July 2021, the European Commission (the Commission) published its proposed regulation which would establish a carbon border adjustment mechanism (EU CBAM) (the Regulation), and is intended to come into effect, subject to transitional provisions, from 1 January 2023. The Regulation would require importers of certain goods to purchase a number of electronic certificates, … Read more

Fit for 55: EU reveals suite of proposals to combat climate change

The EU has revealed its ‘fit for 55’ suite of policies, which extends to about 2,000 pages and is designed to take a pro-active approach to combating climate change and to introduce a suite of proposals aimed at making Europe ‘the first climate neutral continent in the world’. Fit for 30: striking a balance The … Read more

FUTURE CITIES – THE PODCAST SERIES

Building on our series exploring the prospects of the modern city, our new podcast brings you interviews, commentary and fresh perspectives on one of the defining social and economic forces of modern life. Tune in and hear from our leading figures across a range of disciplines as they join industry experts to share insights and … Read more

Future of free allocations under the UK ETS

The UK Emissions Trading Scheme (UK ETS) was launched on 1 January 2021 to replace the UK’s participation in the EU Emissions Trading Scheme (EU ETS). As explained in our previous blog post (here), both schemes work on the basis of a reducing cap with freely tradable allowances, and they currently cover the same industries. … Read more