Compromise Struck on EU ETS Reform; Prices Rise (2)

A deal on the EU carbon border adjustment mechanism, known as CBAM, is important because it is encouraging more carbon pricing across the world. Other nations are seeking to trade with the EU, the biggest trade bloc, giving Europe leverage.

Press release from @Esther_de_Lange @pcanfin pic.twitter.com/ePFY2eG3IB
— Mohammed Chahim (@MChahim) June 15, 2022

We reached tonight a provisional agreement on ETS and CBAM as EPP, S&D and RE negociators. It is submitted to our respective group this morning. And if agreed will be tabled at 1 pm today.
And we start communicating at 11 if everything is fine.@Esther_de_Lange @pcanfin
— Mohammed Chahim (@MChahim) June 15, 2022

Groups representing a majority of lawmakers in the European Parliament have struck a compromise deal on climate change policies that they hope will pass a vote next week and avoid delays to Europe's green agenda. https://t.co/BZOr6bxoKj
— Reuters Science News (@ReutersScience) June 15, 2022

The European Commission (EC) plans to introduce the Carbon Border Adjustment Mechanism (CBAM), which could be a first step towards a global carbon market. Read more in last week’s Edge: https://t.co/vu7y2JLf9A
— Wood Mackenzie (@WoodMackenzie) June 15, 2022

If I understand it right, this will be the resulting path regarding free allowances in #EUETS https://t.co/wDWlhCyXvy pic.twitter.com/M2sJL8IWo1
— Alex is declustering crises (@alxrdk) June 15, 2022

… But the @Europarl_EN support for using #CBAM revenues for developing countries is key to its political acceptability outside the EU, and should be a red line in negotiations with the Council."
— IEEP (@IEEP_eu) June 15, 2022