A new consolidated version of Decision (EU) 2015/1814 as regards „the establishment and operation of a market stability reserve for the Union greenhouse gas emission trading scheme“ was published in the Official Journal (OJ) of the EU.
The consolidated version follows recent amendments made by Directive (EU) 2023/959 which made changes throughout the decision to make necessary adjustments to reach the carbon neutrality goals of the EU by 2050 and the interim goal set out in the Fit for 55 legislative package. The modifications primarily relate to the determination of allowances that will be placed in the market stability reserve and the calculation of the total number of allowances in circulation (TNAC).
Please refer to EventID 21157 in this context for more information.
Decision (EU) 2015/1814 concerning the establishment and operation of a market stability reserve for the Union greenhouse gas emission trading scheme (Text with EEA relevance)
ID
26607
Other Features
benchmark
companies
energy trading
process
regulatory
standard
supervisory practices
Date Published: 2023-12-29
Date Taking Effect: 2024-01-01
Regulatory Framework: Directive on greenhouse gas emission allowance trading, European Green Deal
Regulatory Type: information
ID 26606
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