EURELECTRIC welcomes deal on ETS Market Stability Reserve #eurelectric #energy #europe #market #deal
EURELECTRIC strongly welcomes the provisional agreement reached yesterday by the European Parliament and the Council on the proposal to establish a Market Stability Reserve (MSR) under the EU Emissions Trading System (ETS). EURELECTRIC has consistently advocated the need for an urgent and thorough reform of the ETS.
This includes a robust MSR which enters into operation early and ensures that the 900 million backloaded allowances as well as the unallocated allowances are transferred to the reserve.
The deal reached yesterday will establish an effective reform mechanism in line with all these expectations.