Under a new plan the EU’s Emissions Trading Scheme (ETS) – its flagship climate change policy and the world’s largest carbon market – will see an acceleration of ambitions to drive Europe’s energy-consuming industries away from greenhouse gas production.
From 2021 the number of allowances issued will decline by 2.12% annually, up from the 1.74% decline currently in operation.
According to the European Commission (EC) this will squeeze an extra 556 million tonnes of emissions out of the industries covered by ETS during the course of the 2020s.
The
