EU ETS 1

The EU Emissions Trading System (ETS) was revised in 2023 in the context of the European Green Deal, to align the system with the 2030 climate target of at least 55% net emissions reductions compared with 1990 levels.

On May 10, 2023, the Directive (EU) 2023/959 establishing a system for greenhouse gas emission allowance trading within the Union and Decision (EU) 2015/1814 concerning the establishment and operation of a market stability reserve for the Union greenhouse gas emission trading system was published. EU members states (MS) must transpose this directive in their national legislation depending on articles.

The revised ETS1 includes new sectors such as maritime transport, in addition to existing sectors like power generation, aviation and energy-intensive industries (e.g. ce