Senior members of the European Parliament’s environment committee have reached initial agreement on a plan to restrict market speculators’ access to the European carbon market, as well as to tighten the carbon market by pushing for a 67% cut in emissions by 2030.
Christian Democrats, Liberals, and Conservatives in the committee agreed to propose that by January 2025, only polluters in the EU Emissions Trading System and their financial intermediaries would be able to operate accounts in the carbon registry used to transfer EU Allowances.
