Press Release

CO2 emissions: EU finalises ETS reform

Brussels
, 09.11.2017 - 08:08
Climate change

The EU has taken an important step forward in its efforts to achieve the Paris climate goals. Late last night, representatives of the European Parliament, the European Commission and the Council of Ministers reached a final agreement on a thorough reform of the EU Emissions Trading System (ETS). This reform will limit the emissions of over 12,000 industrial plants and energy suppliers in the EU, ensuring a total reduction of 40% of CO2 emissions by 2030.

Ivo Belet MEP, responsible for the dossier on behalf of the EPP Group, said: “The ETS is an essential part of EU climate policy. Without this ambitious reform, it would be impossible to achieve the Paris goals. Throughout the negotiations, we kept one goal in mind: steadily reducing CO2 emissions while safeguarding jobs and European competitiveness. This means providing the right incentives for European companies to consume and produce energy sustainably, while at the same time protecting industries from unfair international competition and avoiding so-called carbon leakage.”

Esther de Lange MEP, EPP Group Spokeswoman in the EP’s Industry Committee, added: “This agreement is based on realism and a clear business case for the future instead of a complete fossil-free shock therapy from one day to the next. It was crucial to achieve an approach that would allow the whole of Europe to move in the same direction, and not just the least industrialised countries, and which is fair to SMEs. This deal will achieve a gradual and large-scale transformation of our economy towards more sustainable production and achieve the Paris targets.”

Peter Liese MEP, EPP Group Spokesman in the EP’s Environment Committee, concluded: "With this reform, the price of CO2 will significantly increase and the ETS will finally achieve its purpose. At the same time, energy-intensive industry will be protected, provided they achieve strict benchmarks. This means we are going to fight climate change, promote innovation and protect existing jobs and create new ones."

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 216 Members from 27 Member States

MEP Contacts

-
Ivo BELET
BRU - Phone: +32 (0)2 2845623 Fax: +32 (0)2 2849623
Email: ivo.belet@europarl.europa.eu
-
Esther de LANGE
BRU - Phone: +32 (0)2 2845954 Fax: +32 (0)2 2849954
Email: esther.delange@europarl.europa.eu
-
Peter LIESE
BRU - Phone: +32 (0)2 2845981 Fax: +32 (0)2 2849981
Email: peter.liese@europarl.europa.eu

Press Contacts

Greet Gysen
(Former staff member)
Responsible for publications; Belgian press
Dirk Gotink
Press Relations Transport and Tourism, Regional Development, Relations with National Parliaments, the Netherlands
Phone: +32 488 46 53 43
Thomas Bickl
Press Relations Germany and Luxembourg
Phone: +32 478 215 372

Latest

EUROCORPS' soldiers do a military simulation on the ground with chariot, trucks, guns, weapons and some wounded soldiers
23.05.2018 - 10:53

€500 million towards stronger EU defence

“We have taken a first and very important step to increase cooperation in the defence industry and strengthen the competitiveness of the EU...
EIN Riga
22.05.2018 - 09:24

Lech Wałęsa to receive merit award from EIN in Riga

The annual gathering of the European Ideas Network (EIN) will take place in Riga, Latvia, from 23 to 25 May with European politicians, academics,...
Nicole Fontaine EP President at a plenary session in Strasbourg on July 1999
18.05.2018 - 21:19

Passing of Nicole Fontaine: a militant of the European ideal

“It is with deep sadness that I learned of the passing of Nicole Fontaine, former President of the European Parliament. After Simone Veil, the...
traffic on german autobahn,european cars and trucks
17.05.2018 - 13:22

EPP Group in favour of capping CO2 emissions for trucks

EPP Group backs Commission’s proposal to cut CO2 emissions for trucks, but urges that we remain realistic The EPP Group in the European...

Highlights of the week

22.05.2018 - 25.05.2018
Riga, Latvia

Discussing the European way of life in Riga

European politicians, academics, policy-makers and opinion-shapers will gather in Riga, Latvia, from 23-25 May at the annual conference of the...
Facebook

Mark Zuckerberg to meet EP leaders

An extraordinary meeting with the Chief Executive Officer of Facebook, Mark Zuckerberg, will take place on Tuesday in the European Parliament. The...
High angle view of traffic on highway

Road charges: fair charging for better roads

The Transport and Tourism Committee will vote on Thursday morning on the phasing-out of the Eurovignette for heavy duty vehicles and vans....
Bogdana Depo