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Chemical Week Magazine :: Regulatory

European Parliament industry committee fails to agree on reform date for EU ETS

11:15 AM MST | January 22, 2015 | Michael Ravenscroft

The industry, research, and energy committee of the European Parliament today rejected an amendment to begin reform of the European Union’s Emissions Trading Scheme (EU ETS) in 2017 by a margin of two votes, according to a report by Reuters. The committee subsequently voted for reform to commence in 2021 by a solitary ballot. Many of the 130 amendments tabled for discussion concerned the starting date for the introduction of the market stability reserve (MSR), with proposed dates ranging from 2016 to 2023. The European Commission proposed to remove millions...

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