EU drafts measures to Brexit-proof emissions market
The EU is preparing to make its emissions-trading system, the world’s largest, immune to a potential supply turmoil in the case the UK pulls out from the region’s carbon market as part of Brexit. The European Parliament will vote Wednesday on a proposal that would prevent companies and airlines in the EU Emissions Trading System using carbon allowances issued by the UK from 2018 should the country decide to leave the cap-and-trade program. The provision, to be sponsored by 4 political groups, will be submitted as part of a revision of a law on aviation in the ETS. The revision of the aviation law needs to be approved by the European Parliament and member states to enter into force. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-09-11/general/eu-drafts-measures-to-brexit-proof-emissions-market
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EU drafts measures to Brexit-proof emissions market
The EU is preparing to make its emissions-trading system, the world’s largest, immune to a potential supply turmoil in the case the UK pulls out from the region’s carbon market as part of Brexit. The European Parliament will vote Wednesday on a proposal that would prevent companies and airlines in the EU Emissions Trading System using carbon allowances issued by the UK from 2018 should the country decide to leave the cap-and-trade program. The provision, to be sponsored by 4 political groups, will be submitted as part of a revision of a law on aviation in the ETS. The revision of the aviation law needs to be approved by the European Parliament and member states to enter into force. <br/>
