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BRUSSELS, 1 December – EU governments yesterday adopted a proposal to safeguard the EU ETS from any potential negative effects of a hard Brexit in 2019. IETA’s EU Policy Director Julia Michalak comments:
“IETA welcomes the unanimous adoption of the compromise to buffer the EU ETS from any potential negative effects of a hard Brexit, which also avoids creating a two-tiered allowance market. This solution significantly reduces the risk of any adverse impacts on market functioning, including legal and administrative challenges."
“We urge the UK government to swiftly move to pass the required legislation to bring forward the 2019 EU ETS compliance deadline for UK installations.”