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Emissions trading is a key tool for the European Union in the fight against climate change. The recently proposed ETS2 brings major changes that extend the scope of this mechanism to new sectors such as transport and housing. The aim is to reduce greenhouse gas emissions and encourage a shift to more sustainable ways of operating. Filip Křenek, analyst at EUROPEUM Institute, commented for ČRo Plus.
17. December 2024
Current emissions trading covers 37% of emissions and only applies to the biggest polluters such as the heating industry. The new ETS2 would cover a further 40% of emissions, extending it to cover emissions from transport and housing, for example. Allowance revenues will go mainly to the so-called social fund and partly to the EU budget, with the specific use of the allowances revenues being up to individual Member States.
Listen to the full interview here (7:47).
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