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Regulation on adjustments to free allocation in the EU Emissions Trading System
COMMISSION IMPLEMENTING REGULATION (EU) …/... laying down rules for the application of Directive 2003/87/EC of the European Parliament and of the Council as regards further arrangements for the adjustments to free allocation of emission allowances due to activity level changes
It is necessary to elaborate implementing legislation in time for the start of phase 4 of the EU ETS (2021-2030). The Benchmarking Decision will have to be revised in order to: - set the rules for determining free allocation to industrial installations covered by the EU ETS; - update the benchmark values which represent an essential parameter in determining free allocations; - determine rules for future adjustments to free allocation.