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Von der Leyen proposes ETS reform amid rising energy costs
5 articles |
Updated 23h ago |
Created 1d ago
Ursula von der Leyen has called for a review of the EU's emissions trading scheme (ETS) and flexibility measures such as subsidizing gas-fired power stations, citing unrealistic decarbonisation trajectories that are driving up prices while undermining economic growth in poorer member states. While earlier reports suggested an imminent suspension by regulators due to market instability, recent developments indicate this will be replaced with a correction mechanism rather than stopping the system entirely for industrial polluters who currently face steep CO2 levies.
Key Points
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1European Union President Ursula von der Leyen is calling for a review of the Emissions Trading Scheme (ETS) to address rising energy prices.
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2The proposed measures include increasing flexibility, subsidizing gas-fired power stations via marginal revenue redistribution, and reducing taxes on industrial polluters.
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3There are reports suggesting that an investigation into von der Leyen's office is expected by March 16th.
Developments
[Mar 20] (Implied context of 'March' in Polish headlines)
Reports indicate a leak regarding the ETS suspension and potential correction from von der Leyen's office head, published by Rp.pl.
[Mar 16]
Von der Leyend calls for flexibility subsidies review of emissions trading scheme to tackle rising prices (Eunews.it).