Members today voted 344-311 in favour of the so-called backloading proposal, which is designed to help prop up the scheme's shrinking carbon price.

“Today’s vote will give a small boost to the carbon price but most importantly it will build confidence in the ETS,” says Remi Gruet, the European Wind Energy Association’s (EWEA) senior regulatory affairs advisor.

“It is crucial that the EU member states now agree backloading as soon as possible.