CEPI: To support the EU’s most sustainable industries, the ‘fine print’ in the CO2 market revision will be crucial

The EU carbon market forms the cornerstone of Europe’s plan to reduce its CO2 emissions by 55% until 2030, from a 1990 baseline. Final agreements on its mechanisms, published today, show that a number of ‘delegated acts’ will still be required to provide much-needed details. These delegated acts could take another two years before being published. For the EU’s industry, this spells uncertainty for achieving a highly increased target to cut 62% of its CO2 emissions by 2030.