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ARTICLE · 21 OCTOBER 2026

Sustainability Update | Q3 2026

Advokatfirmaet Thommessen AS
Advokatfirmaet Thommessen AS
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Advokatfirmaet Thommessen AS

Advokatfirmaet Thommessen AS

Thommessen is one of Norway’s leading commercial law firms, with offices in Oslo, Bergen, Stavanger...

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This quarter brings further developments in EU and Norwegian sustainability regulation, including the European Commission's proposal to revise the EU ETS, proposed changes to Norwegian sustainability reporting requirements, new guidance on EU Taxonomy compliance for real estate, and the development of an updated BREEAM-NOR manual.

NorwayEnvironment
Tore Mydske
Tore Mydske
Caroline Hauge
Caroline Hauge
Eyolf Aarø
Eyolf Aarø
Thea Hareide
Thea Hareide
Silje Haagensen
Silje Haagensen
Jonas Levernes
Jonas Levernes
Lena Kormeseth
Lena Kormeseth
Mathilde Heltne
Mathilde Heltne
Morten Asperud
Morten Asperud
+1 more

This quarter brings further developments in EU and Norwegian sustainability regulation – including the European Commission’s proposal to revise the EU ETS, proposed changes to Norwegian sustainability reporting requirements, new guidance on EU Taxonomy compliance for real estate and the development of an updated BREEAM-NOR manual.

Key developments in Q3 2026

EU ETS revision: Commission presents proposal to align the system with the 2040 climate target

On 17 July 2026, the European Commission published its long-awaited proposal to review the EU ETS. The proposal includes an adjusted emissions trajectory, changes to the Market Stability Reserve, continued free allocation of allowances under new conditions, the integration of carbon removals and a surrender obligation for municipal waste incineration plants. It is the first part of a package aimed at aligning the EU ETS with the EU's 2040 climate target.

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