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Parliamentary questions
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24 March 2020
E-001835/2020
Question for written answer E-001835/2020
to the Commission
Rule 138
Nicolás González Casares (S&D)
 Answer in writing 
 Subject: Impact of the COVID-19 crisis on the EU ETS

The COVID-19 crisis is already having an impact on carbon markets, and the EU’s emissions trading scheme (EU ETS) is no exception. The price for EU emissions allowances has so far fallen to around EUR 10, its lowest rate since mid-2018. 

The International Carbon Action Partnership (ICAP) is warning that measures must be taken to enable markets of this kind to withstand economic shocks such as this one. 

The EU reformed the EU ETS in 2018, introducing measures such as the market stability reserve to prevent the build-up of an excessive surplus in allowances and a drop in their price. 

Bearing this in mind: 

1. Has the Commission conducted an assessment of the impact of the COVID-19 crisis on the EU ETS? 

2. Will the Commission propose some additional measures to prevent the price of EU allowances falling to levels where the price signal they send ceases to act as an incentive for decarbonisation in the sectors covered by the EU ETS?

 

Original language of question: ES
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