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The EU s carbon market is back. After years on the sidelines of the EU s regulatory machinery, where it was largely written off, the Emissions Trading System (ETS) has returned as the cornerstone of the bloc s climate policy. Brussels is betting that a major overhaul of the cap-and-trade scheme set to be presented as part of its mammoth Fit for 55 climate policy package on Wednesday will speed up emissions reductions, incentivize companies to invest in clean technologies and help the bloc achieve its ambitious climate targets. It s a big bet. A pioneering system when it was first launched in 2005, the carbon cap-and-trade scheme which caps the emissions of more than 10,000 power plants and factories and makes them pay to pollute quickly ran into trouble: A glut of low-priced permits and an overly generous emissions cap following the 2008 financial crisis meant that many companies weren t hit hard enough to change their behavior. As Brussels scrambled to fix it, countri

Bruxelles capitaleDimitri vergneSam vanPeter lieseBas eickhoutEuropean people partyEuropean parliamentEuropean commissionEmissions trading systemEuropean peoplePresident ursulaCarbon marketப்ரூக்ஸெல்ஸ் தலைநகரம்சாம் வேன்ஐரோப்பிய மக்கள் கட்சிஐரோப்பிய பாராளுமன்றம்