Latest news and stories about carbon market in Portugal for expats and residents.
The EU will end the automatic cancellation of surplus carbon permits. The remainder of the EU ETS remains unchanged, despite calls from some countries for more ambitious measures.
The European Commission took a first step this Wednesday to strengthen the European Union Emissions Trading System (EU ETS). Brussels has launched a proposal to adapt the Market Stability Reserve (MSR) of the ETS, with the aim of increasing its predictability. However, the system will be reviewed in July.
The concession to Europe's most polluting industries follows lobbying from Italy, Poland and Austria.
A Belgian think tank presents five arguments against easing carbon market rules, which has been requested by several EU countries to curb energy prices. It is described as 'economic self-sabotage'.
Eight of Europe's leading electricity companies — Iberdrola, EDF, Engie, EDP, Orsted, Fortum, Statkraft, and Vattenfall — have sent a letter to European Commission President Ursula von der Leyen and European Council President António Costa, advocating for the preservation of the EU Emissions Trading System and the internal market.
Portugal is a beneficiary of REPowerEU funds. At the same time, it is part of the carbon market, which will become tighter, and will face the additional impact of ETS 2 on buildings and transport.
