The EU Emission Trading System (ETS) is central to the EU’s policy for addressing climate change by reducing greenhouse gas (GHG) emissions cost-effectively. This market-based approach applies the 'polluter pays principle,' encouraging industries to invest in emission reductions.
Since its inception, the ETS has achieved a significant 47% reduction in emissions, with recent reforms aiming for a 62% reduction by 2030. The new ETS II will expand its scope to include the transport sector and heating fuels, focusing on upstream emissions and emphasizing auctioning over free allocations to ensure transparency and effectiveness.
Recognizing the significance of the EU Emission Trading System is crucial for a sustainable future, and our expertise allows us to support organizations in navigating these important issues effectively.
