Tag «backloading»

Plenary debate on backloading necessary

Dear Member of the European Parliament, On January 24th the EP Industry Committee strongly rejected the Commission proposal amending the EU ETS Directive, clarifying provisions on the timing of auctions of greenhouse gas allowances (backloading). Conversely, on February 19th the Environment Committee voted in favour of the rapporteur’s compromise amendments in support of the Commission proposal. The Committee …

EUROFER disappointed by ENVI decision on backloading

EUROFER is disappointed by the European Parliament’s ENVI Committee’s vote to pave the way for withholding CO2 emissions allowances from the European carbon market. Gordon Moffat, Director General of the European Steel Association: “Artificially increasing the carbon price by withholding or removing allowances will undermine the competitiveness of European industries by increasing energy bills even …