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ARTICLE · 14 AUGUST 2026

EU ETS Review: Key Proposed Changes To The Bloc's Carbon Market

Herbert Smith Freehills Kramer LLP
Herbert Smith Freehills Kramer LLP
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Herbert Smith Freehills Kramer LLP

Herbert Smith Freehills Kramer LLP

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On 17 July 2026, the European Commission proposed a revision of the EU Emissions Trading System (EU ETS) (the Proposal) for Phases 5 and 6 of the EU ETS post-2030. The Proposal forms part of a broader package of measures under the EU Clean Industrial Deal aimed at strengthening the EU's competitiveness, and accelerating industrial decarbonisation, with further legislative proposals expected in the coming months.

European UnionEnvironment
Steven Dalton
Steven Dalton
Silke Goldberg
Silke Goldberg
Jannis Bille
Jannis Bille
Zoe Asher
Zoe Asher
Youssef Kassem
Youssef Kassem
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On 17 July 2026, the European Commission proposed a revision of the EU Emissions Trading System (EU ETS) (the Proposal) for Phases 5 and 6 of the EU ETS post-2030. The Proposal forms part of a broader package of measures under the EU Clean Industrial Deal aimed at strengthening the EU's competitiveness, and accelerating industrial decarbonisation, with further legislative proposals expected in the coming months. The Proposal itself aims to align the system with the EU’s 2040 climate target, incentivise investment in decarbonisation efforts to reduce dependencies and increase industrial competitiveness, and stabilise the carbon price.

The Proposal remains subject to negotiation by the European Parliament and the Council.

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