Brussels confident of consensus on funding COVID recovery with extended EUA auctions

Published 14:24 on July 22, 2020  /  Last updated at 13:01 on September 1, 2021  /  Carbon Taxes, CBAM, EMEA, EU ETS, Shipping  /  No Comments

The European Commission will present a proposal to revise the EU ETS Directive in order to fund the bloc's coronavirus recovery package using EUA auction revenues from an expanded carbon market, a senior official confirmed on Wednesday.

The European Commission will present a proposal to revise the EU ETS Directive in order to fund the bloc’s coronavirus recovery package using EUA auction revenues from an expanded carbon market, a senior official confirmed on Wednesday.

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