In July 2026, the European Commission tabled a long-awaited proposal to revise the EU Emissions Trading System (EU ETS). The ETS is one of the most important pillars of the European Green Deal and aims to reduce greenhouse gas emissions. The current EU ETS was designed in 2003 (EU ETS Directive) to deliver the 2030 climate target reduction of at least 55 % net GHG emissions, and become climate neutral by 2050 (net-zero GHG emissions). The revision aims to update the ETS to al

In 2019, European Commission President Ursula von der Leyen assumed office with a new climate roadmap: the European Green Deal. The European Green Deal extends to many different sectors, including clean energy, transport, food, industry and the circular economy. The Green Deal's main goal is to transform the European economy and become climate neutral by 2050. Additionally, achieving a key legal target to cut emissions by at least 55% by 2030, compared with 1990 levels. Both