The EU has identified 44 oil and gas companies to help deliver 50 million tonnes of annual CO₂ storage by 2030. This move supports the Clean Industrial Deal and marks a key step in scaling up carbon management to decarbonise Europe’s most emissions-intensive sectors.
emission trading
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The Commission launches a public consultation on the EU ETS, Market Stability Reserve, Innovation Fund, and Modernisation Fund ahead of 2026 reviews. Share your views on the future of EU carbon markets by 8 July 2025.
EU emissions under the Emissions Trading System (EU ETS) have now dropped by 50% compared to 2005, with 2024 seeing another 5% reduction. Driven by a surge in renewables, the power sector led the way—while aviation emissions rose and shipping joined the system for the first time.
The EU Emissions Trading System Directive has been revised to align it with the new EU target set in the European Climate Law to reduce net greenhouse gas emissions by 55% (compared to 1990 levels) by 2030. Several regulatory acts for the implementation of the ETS now need to be updated.
