Press Release

CO2 emissions: European Parliament adopts balanced ETS reform

Strasbourg
, 15.02.2017 - 13:21
World glove on The field

The European Parliament (EP) has taken an important step forward in its efforts to achieve the Paris climate goals by voting on a thorough reform of the Emission Trading System (ETS). Ivo Belet MEP, in charge of the dossier on behalf of the EPP Group, said: "The reform we have adopted is balanced. It guarantees that we implement the Paris Climate Agreement while safeguarding jobs and the competitiveness of European industry. This reform includes the necessary incentives to further reduce CO2 emissions, while at the same time it sufficiently protects those industrial sectors that are exposed to international competition."

For the EPP Group, it is important to avoid that energy-intensive companies move their production facilities and investments to regions without similar climate regulations. This would cause a move of CO2 emissions instead of a reduction (= carbon leakage).

Esther de Lange MEP, EPP Group Spokeswoman in the EP’s Industry Committee, added: “The ETS is not only a climate policy, it is also an industrial policy and as such, crucial for the competitiveness of our businesses and the jobs of our citizens. The transition to a low carbon economy is not an easy process, but we are convinced that a strong and competitive industry is crucial to making Europe's economy more sustainable. Today's plenary vote is also a confirmation of Europe's leadership in combating climate change, an important signal to our partners around the world."

Peter Liese MEP, EPP Group Spokesman in the EP’s Environment Committee, concluded: "The outcome is more ambitious than the Commission proposal with respect to climate protection and, at the same time, it rewards companies using state-of-the-art technology or investing in low carbon technology. Outdated polluting industries have to pay."

The ETS overhaul must help reduce emissions of approximately 11,000 energy-intensive companies and energy producers to achieve a reduction of 43% of CO2 emissions by 2030.

Note to Editors

The current ETS policy has been in effect since 2005 and restricts greenhouse gas emissions by energy-intensive industries, power producers and airlines. The ETS works via the auction and allocation of a fixed amount of tradable allowances. By putting a cap on the total amount of emissions and reducing this cap over time, it stimulates companies to reduce their emission output and to further save energy and/or switch to renewable energy.

The EPP Group is the largest political group in the European Parliament with 217 Members from 27 Member States

MEP Contacts

-
Ivo BELET
STR - Phone: +33 (0)3 88 175623 Fax: +33 (0)3 88 179623
Email: ivo.belet@europarl.europa.eu
-
Esther de LANGE
STR - Phone: +33 (0)3 88 175954 Fax: +33 (0)3 88 179954
Email: esther.delange@europarl.europa.eu
-
Peter LIESE
STR - Phone: +33 (0)3 88 175981 Fax: +33 (0)3 88 179981
Email: peter.liese@europarl.europa.eu

Press Contacts

Greet Gysen
Responsible for publications; Belgian press
Phone: +32 497 028 054
Dirk Gotink
Dutch press
Phone: +32 488 46 53 43
Thomas Bickl
German & Luxembourgish press
Phone: +32 478 215 372

Latest

Combines harvesting wheat
21.02.2018 - 18:14

Evaluation and authorisation of pesticides needs to hold up to scrutiny

After the controversy surrounding the renewal of the use of glyphosate in farming, the European Parliament has set up a Special Committee to...
Social media web sites
21.02.2018 - 17:41

Parliament pushes forward with plan for digital tax

On the initiative of the EPP Group, the European Parliament is the first EU Institution to come forward with a concrete plan to tax digital giants...
EU electricity market: more competition to the benefit of consumers
21.02.2018 - 15:00

EU electricity market: more competition to the benefit of consumers

Krišjānis Kariņš, EPP Group MEP and Rapporteur of the Internal Market for Electricity Report voted today in the Industry Committee,...
High voltage post
21.02.2018 - 11:43

Creating a true EU electricity market to benefit consumers

“We want to do away with heavy state subsidies and instead let the market do the job of supplying industries and households with affordable and...

Highlights of the week

19.02.2018 - 23.02.2018
Business finance chart and Euro banknotes

Voting on post-2020 EU expenditure and revenue

The Budgets Committee will vote on Thursday on Parliament's position on the EU's post-2020 seven-year budget (Multi-Annual Financial...
EUROCORPS' soldiers do a military simulation on the ground with chariot, trucks, guns, weapons and some wounded soldiers

Stronger industrial cooperation on defence

Europe needs stronger and better cooperation in the field of defence. The pan-EU cooperation on an industrial defence programme is an important step...
High voltage post

Making the internal market for electricity work for consumers and industry

The way the electricity markets work inside the EU needs an overhaul to increase the supply of affordable and secure energy across EU borders. The...
Niall Downey