EU ETS – Modifications Proposed

Posted on October 7, 2010 by

The European Commission has recently proposed incorporating land use, land use change and forestry (commonly referred to as “LULUCF”) into the calculation for EU’s GHG emissions reduction target. EU has taken a target of achieving GHG levels of 20 percent below 1990 levels by 2020.

The proposed modification could reduce the pressure on the 164 industrial sectors and sub-sectors that are currently covered by the EU Emissions Trading Scheme (ETS) to reduce their emissions through 2020 to meet the overall EU target.