The European Commission has proposed significant revisions to the EU Emissions Trading System that would expand carbon pricing requirements to certain international aviation routes while maintaining exemptions for flights to major markets like the U.S. and China. Beginning in 2029, the proposal would subject commercial departures from European Economic Area airports to destinations within 5,000 km of Frankfurt to EU ETS requirements, alongside all private business jet operations, while simultaneously streng

The European Commission has unveiled a comprehensive proposal to revise the EU Emissions Trading System Directive, introducing significant changes including alignment with 2040 climate targets, integration of carbon removal mechanisms, and establishment of a EUR100 billion Industrial Decarbonisation Bank. The proposal extends the ETS scope to additional aviation routes, smaller maritime vessels, and municipal waste incineration while reforming free allocation rules and the Market Stability Reserve to balanc