EU Emissions Trading System: landmark agreement between Parliament and Council delivers on EU’s commitment to turn Paris Agreement into reality

The European Parliament and Council have today reached a provisional agreement to revise the EU Emissions Trading System (EU ETS) for the period after 2020. This revision will contribute to put the EU on track to achieving a significant part of its commitment under the Paris Agreement to reduce greenhouse gas emissions by at least 40% by 2030. Today’s deal between Parliament and Council provides a clear outcome after more than two years of intensive negotiations, following the Commission’s proposal to revise the EU ETS in July 2015. Please find the full statement online.