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Document Ares(2019)3735250

Legal basis:
32003L0087 - A10aP211
Initiative summary:
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.
EuroVoc thesaurus:
climate change policy; greenhouse gas; EU Emissions Trading Scheme; reduction of gas emissions; tradeable emission permit; EU emission allowance; atmospheric pollution; auction sale; EU environmental policy