National 2021–2030 climate targets for non-ETS sectors (Regulation)
The EU Commission will allocate Member States with national targets for reducing greenhouse gases (GHG) in sectors not subject to EU emissions trading (ETS) (e.g. transport and agriculture). It also proposes flexibility options which Member States can use to achieve their national targets.
cep welcomes the flexibility options. The ability to transfer excess GHG emission allocations to subsequent years facilitates savings in GHG emissions over the economic cycle. The right to sell excess GHG emission allowances to other Member States also means that emissions can be reduced in the places where it is cheapest to do so EU wide. In addition, the use of emission allowances in non-ETS sectors reduces the cost of emissions reduction. This option should, however, be open to all Member States.