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The reform of the electricity market will apparently also include rates regulation for consumers and improved market supervision. This is revealed by a document accompanying the Commission's consultation, which continues to be delayed.
By Manuel Berkel
At just before 2 a.m. on Sunday, the deal in the jumbo trilogue on the reform of emissions trading was reached: The ambition level will rise, the carbon price for buildings and road transport will be introduced, and the free emissions allowances for the industry will end in 2034. This means that the essential part of the Fit for 55 package is ready.
By Lukas Knigge
European climate policy is in for some decisive days: This weekend, the most important parts of the EU’s Fit-for-55 climate package are expected to be finalized in the trilogue. The negotiations will focus primarily on European emissions trading. Associated with this are talks on the Social Climate Fund and the Carbon Border Adjustment Mechanism (CBAM) – as these are big topics in themselves, some call it the jumbo trilogue.
By Lukas Knigge
In the dispute between the EU and the USA over the Inflation Reduction Act a compromise is in sight. Nevertheless, the member states and the EU Commission fear a creeping exodus of European industry. At the EU summit, they instructed the EU Commission to develop countermeasures. Many of these measures are already on the horizon.
By Till Hoppe