Jurisdiction
For products sold in EU
Law Summary
The updated EU ETS strengthens Europe’s main carbon market by accelerating emissions cuts, phasing out free allowances, extending pricing to maritime transport, and launching a separate ETS for buildings and road transport fuels (ETS 2), aligning with higher EU climate targets.
Law Obligation
Revision of the ETS considering the newly proposed 2030 target to reduce greenhouse gas emission at least 55% of 1990 levels. •Proposing extending the ETS to new sectors of the economy such as maritime transport.
