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Lawson Steele Profile picture
Lawson Steele
@LawsonSteele3
Followed #EUETS #carbon since 2004. Predicted the 2006 price to zero. Went bullish carbon Jan 2018 at €7/t. CO2 heading well north of €110/t. Views are my own
Jun 23, 2022 • 4 tweets • 2 min read
1/ #EUETS #carbon reform gets through Parliament. Now Council‘s 27 members have to reach their views. They tend to sail much closer to the law. And then it goes to Trilogue discussions. So whilst Parliament’s view is important, it is not final. Summary of Parliament view
#octt 2/
- 2030 target slightly tighter: c64% instead of EU’s original 61% proposal
- One-off reductions of 70mt in 2024 and 50mt in 2026
- CBAM kicks in 2027 ramping up fully 2032 (prior 2034) with corresponding reduction in free allowances
- Market access getting Commission to -> 3/