The impact assessment accompanying the Commission communication on the “2030 Climate Target Plan” suggests a highly demanding reduction target for ETS emissions of -65% for 2030, while the current ETS level foresees a -21% reduction for 2020 and a -43% for 2030. Such a projection means a three-fold increase in reduction efforts required for EU industries under the future ETS Directive compared to the current level, to be achieved over a shorter timeframe of about 8 years. The same impact assessment confirms the high exposure of energy-intensive industries to the carbon leakage risk due to unilateral climate ambition.
To achieve the emission reduction goals and to protect the competitiveness of energy intensive industries, the Alliance of Energy Intensive Industries has prepared a series of recommendations for the next ETS revision.
Full document here.