2026/0212(COD)COM(2026)616

EU Emissions Trading System and market stability reserve: competitiveness and cost-effective decarbonisation

Proposal for a Directive of the European Parliament and of the Council amending Directive 2003/87/EC and Decision (EU) 2015/1814 as regards driving competitiveness and cost-effective decarbonisation

Stage: Commission proposal, reached 17 Jul 2026
Procedure: Ordinary legislative procedure
Lead DG: DG CLIMA
Commissioner: Wopke Hoekstra
Last activity: 4 Sept 2026

3 entries · record as of 14 Sept 2026

Where it stands

Latest: Deliberations in Council working party, 4 Sept 2026.

17 Jul 2026
- Adoption of legislative proposal by the Commission · Commission
2 Sept 2026
- Deliberations in Council working party · Council
4 Sept 2026
- Deliberations in Council working party · Council

Summary

Generated

The Commission proposes amending the EU ETS and Market Stability Reserve to set the legal framework for Phase 5 (2031–2040), aligning with the 2040 net 90% reduction target. It updates free-allocation rules, extends the CBAM free-allowance phase-out to 2038, reforms the MSR, and introduces an ETS Investment Booster. Affects ETS sectors, aviation, maritime, and municipal waste incineration.

What the workspace adds on this file

Everything above is the public record. Subscribers see this page with their own layer on top.

Why it matters to you

What this file means for your organization, assessed against your own priorities.

What moved

When this file moves, it reaches your own briefing, with a link to its source.

Your contacts on it

Your team's contacts logged against this file: who you met, what was said and the next step.

A first draft

A statement, a member update or a meeting brief on this file, in your organization's voice, with its sources.

Sources: EP Legislative Observatory. Record as of 14 Sept 2026. Something wrong on this page? Report an error.

Request access

See this file with your own layer on top: why it matters to you, your contacts on it and a first draft. We’ll schedule a 20-minute walkthrough.

EU-hosted · GDPR-compliant · Trust Center →

By submitting, you agree to our privacy policy.