European Council green lights moves to reform and extend carbon market

James Murray
clock • 5 min read
Credit: iStock
Image:

Credit: iStock

Sweeping reforms expected to push up price of carbon, extend market to cover shipping, buildings, and road transport, and pave way for carbon border adjustment tariffs

The European Council has formally approved sweeping reforms to the EU's Emissions Trading Scheme designed to accelerate decarbonisation efforts right across the bloc and ramp up pressure on governments...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

James Murray
Author spotlight

James Murray

View profile
More from James Murray

'Voters see the importance of lowering carbon emissions': Over two thirds of Brits back 2030 emissions targets

Dan McGrail appointed as permanent CEO at Great British Energy

More on Carbon Trading

'Demand for high quality credits is at an all-time high': How the carbon credit market enjoyed a record-breaking start to 2025
Carbon Trading

'Demand for high quality credits is at an all-time high': How the carbon credit market enjoyed a record-breaking start to 2025

New data from Sylvera shows increased activity and a continuing market shift towards higher quality and compliance grade carbon credits

Amber Rolt
clock 02 July 2025 • 5 min read
NAO warns 'uncertainties' could undermine future effectiveness of UK ETS
Carbon Trading

NAO warns 'uncertainties' could undermine future effectiveness of UK ETS

Greater policy and price certainty needed to ensure effectiveness of UK’s Emissions Trading Scheme (NAO)

Michael Holder
Michael Holder
clock 30 June 2025 • 3 min read
The UK Emissions Trading Scheme: Vitally important but often overlooked
Carbon Trading

The UK Emissions Trading Scheme: Vitally important but often overlooked

The government must be clear on the contribution it expects different interventions - including the ETS - to make as part of its overall plan for net zero, writes Simon Bittlestone from the National Audit Office

Simon Bittlestone, National Audit Office (NAO)
clock 30 June 2025 • 4 min read