|Policy status:||In Force|
|Policy Type:||Economic Instruments>Market-based instruments>GHG emissions trading|
|Policy Target:||Small and Medium sized Enterprises (SMEs), Energy Sector>Electricity Generation, Industry, Carbon Capture Storage|
|Agency:||European Commission, Directorate-General Climate Action|
|Legal References:||Directive 2009/29/EC, Regulation (EU) No 176/2014, Decision (EU) 1359/2013, Decision (EU) 2015/1814|
On 6 April 2009 the EU Council of Ministers adopted the final texts of the Climate and Energy Package, aimed at meeting the EU's goal of reducing greenhouse gas (GHG) emissions by 20% by 2020, as compared to 1990 levels. It comprised six legislative texts, one of which was a revision of the EU emissions trading system (ETS). The revision introduced new rules for the EU ETS, which came into effect at the start of the current, third, trading period (2013-2020) on 1 January 2013.
|This record supersedes:||European Directive establishing a Greenhouse Emissions Trading Scheme , EU Emissions Trading System Phase 2 (2008-2012)|
Last modified: Fri, 05 May 2017 16:50:49 CEST