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Heavy industry will continue to receive free permits worth an estimated €400bn between now and 2030, according to Carbon Market Watch (Photo: Astrid Westvang)

MEPs raise ambition on EU carbon market reform

The European Parliament environment committee on Tuesday (17 May) agreed on reform of the European carbon market — including its expansion to buildings and transport.

The EU's emissions-trading system (ETS) limits emissions in the power sector, manufacturing industry, and airlines operating in Europe.

Within this limit, companies can then sell and buy emissions allowances for every emitted tonne of CO2 — establishing a carbon-pricing tool that acts as an economic incentive to red...

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Author Bio

Elena is EUobserver's Managing Editor. She is from Spain and has studied journalism and new media in Spanish and Belgian universities. Previously she worked on European affairs at VoteWatch Europe and the Spanish news agency EFE.

Heavy industry will continue to receive free permits worth an estimated €400bn between now and 2030, according to Carbon Market Watch (Photo: Astrid Westvang)

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Author Bio

Elena is EUobserver's Managing Editor. She is from Spain and has studied journalism and new media in Spanish and Belgian universities. Previously she worked on European affairs at VoteWatch Europe and the Spanish news agency EFE.

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