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BRUSSELS, 1 June – European policy-makers need to step up the pace of negotiations on reform to the EU Emissions Trading System (ETS) and reach a common position this summer, says IETA.
This week's planned meeting for the negotiations between the Council and the European Parliament to strengthen the EU ETS was delayed at the last minute. Talks are now set to resume on 27 June, with British Conservative MEP Julie Girling taking over from Ian Duncan as the Parliament’s rapporteur.
“We strongly encourage the new management to hasten the work on reform to the EU’s carbon market,” says IETA’s European policy director Julia Michalak. “Businesses are already making investment decisions for the period in which the changes will take effect and need the regulatory clarity that a compromise will bring.”
“Both the Parliament and the Council should keep in mind that more time taken for these discussions now will mean less time for work on implementation,” she adds.
More information on IETA’s position on the EU ETS Reform is available on our website.