Emissions Trading: EU Commission Against Price Surge at the Pump - EU to Extend Emissions Trading to Road Transport and Buildings from 2027
The European Commission is set to introduce reforms to the EU Emissions Trading System (ETS) in the coming weeks. The changes aim to extend the system to cover fuels used in road transport and buildings from 2027 onwards. The goal is to prevent sharp price hikes for consumers energy, with Germany and around a dozen other EU member states, including Luxembourg, backing the improvements.
The Commission will present a formal legislative proposal, which will then be debated by EU governments and the European Parliament. The changes include accelerating the release of additional allowances from 2027 to lower prices by increasing supply. This move is supported by Germany and about a dozen other countries who had previously called for adjustments to the ETS before its market launch.
The proposed changes to the ETS will see fuels included in the system starting from 2027, impacting the transport and building sectors. The Commission's climate commissioner, Wopke Hoekstra, has been instrumental in pushing for these reforms to protect consumers from volatile energy prices.
The European Commission's proposed reforms to the EU Emissions Trading System aim to extend its scope to road transport and buildings, starting in 2027. With Germany and other EU member states backing the changes, the Commission will present a formal legislative proposal in the coming weeks, with the goal of preventing sharp price hikes for consumers energy.
