Fittex

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As part of the 'Fit for 55' package, the European Commission presented a legislative proposal to review the EU Emissions Trading System (ETS). The aim of the review is to align the EU ETS Directive with the EU targets set out in the European Climate Law. To this end, the amount of emission allowances would be reduced, fewer allowances would be allocated for free, and the ETS would be extended to maritime transport. A separate new emissions trading system would be established for fuel distribution ...

The proposal to revise the market stability reserve (MSR) for the EU emissions trading system (ETS) consists of prolonging its current parameters. Under the current rules, the intake rate of allowances to the MSR and the minimum allowances placed in the reserve have been doubled until the end of 2023, to allow for a quick removal of surplus EU ETS allowances. The proposal is aimed at maintaining the current doubled intake rate (24 %) and minimum number of allowances placed in the reserve (200 million ...

The IA identifies in a clear manner the problems, which are clearly linked to the objectives of the initiative, as well as their likely evolution without intervention. The range of options considered seems to reveal an intended path of action, namely the upward revision of the ETS ambition, in line with the political determination already laid out in the 2030 CTP. The IA does seem to provide a good account of the key impacts of the retained options, while taking into account SMEs and suggesting measures ...

This note is prepared in view of an ordinary public hearing with the Chair of the Single Resolution Board (SRB), Elke König, which will take place on 1 December 2021. This briefing addresses the following topics: (i) cooperation with other authorities, (ii) home/host authorities and the issue of internal MREL, (iii) evolution of MREL stock and shortfalls, (iv) contributions to the Single Resolution Fund, and (v) summaries of external papers on the status quo of impediments to resolvability.

The EU ETS is the first and largest international trading system for greenhouse gas emission allowances, accounting for over three quarters of international carbon trading. It is part of the climate and energy package, which consists of four pieces of complementary legislation to deliver on the ‘20-20-20 targets’: the EU ETS to cut industrial greenhouse gas emissions; the Effort-Sharing Decision introducing binding national targets for sectors not covered by the EU ETS; the Renewable Energy Directive ...

ETS Market Stability Reserve

Mad-Daqqa t’Għajn 29-06-2015

In order to tackle the over-supply of allowances in the EU Emissions Trading System (ETS), the European Commission has proposed a new mechanism under which surplus allowances would be placed in a Market Stability Reserve (MSR), starting in 2021. In a trilogue agreement, Parliament and Council brought forward the start date to 2019, and agreed to place 'backloaded' and unallocated allowances directly into the reserve.

This report summarises the presentations and discussions during the workshop on the ETS Market Stability Reserve (MSR), held on the 5th November 2014. The aim of the workshop was to allow an exchange of views between MEPs, the European Commission, stakeholders from energy and industry sectors and NGOs on the need to intervene in the EU ETS in order to address the current oversupply of allowances that are undermining the effectiveness of the policy instrument. There was a general consensus amongst ...

The EU Emissions Trading System (ETS) aims to achieve cost-efficient reduction of greenhouse gas (GHG) emissions through a market for trading emission allowances. The amount of available allowances is fixed in advance, in line with the EU's GHG reduction targets.

This study examines the budget structure and cost allocation, fee determination as well as treatment of surpluses/deficits and potential financial reserves of the partially selffinanced EU agencies (i.e. the agencies which carry out public tasks for the EU and provide services to clients from industry and are not co-financed by national public authorities), namely the European Aviation Safety Agency (EASA), the European Chemicals Agency (ECHA) and the European Medicines Agency (EMA). The study identifies ...