ETS Vote: MEPs make important progress on indirects compensation and qualitative assessment

ECI welcomes today’s European Parliament Industry (ITRE) Committee vote on Phase IV of the Emissions Trading System.

ITRE MEPs have made an important proposal to introduce a hybrid model for better compensating indirect costs, and recommended to maintain the option for qualitatively assessing a sector’s carbon leakage risk. We now call for further improvements from Environmental Committee MEPs to ensure equal protection from both direct and indirect costs, and a specific recognition that globally priced commodities are unable to pass-on regional carbon costs.

Read Eurometaux’s Press Release here.