What is ETS 2 ?
In 2023, European authorities created a new emissions trading system: Emissions Trading System 2 (ETS 2). The new cap and trade scheme covers fuel combustion in buildings and road transport sector as well as as well as all the EU industries that are either not covered by ETS 1 or have fallen out of it scope.
ETS 2 and EU ETS will remain separate but parallel.
What are the regulated entities and what will be their obligations?
Suppliers of fuel for road transport and buildings must prepare for the entry into force of ETS 2. Covered companies will be obliged to monitor and report their emissions, and by 2028 they will have to acquire and surrender allowances corresponding to their 2027 emissions.
THE REVENUES COMING FROM ETS 2 AUCTIONING WILL SUPPLY THE SOCIAL CLIMATE FUND, WHICH SUPPORTS VULNERABLE GROUPS OF SOCIETY TO MAKE SURE THE GREEN TRANSITION LEAVES NO ONE BEHIND.
What can we do for you?
With over 25 years of hands-on EU ETS experience, Vertis can help you
- Understand how ETS 2 works
- Keep you informed of legislative developments and their impact on your business
- Develop an early compliance strategy
Some of our clients
