EU ETS Phase III
Phase III of the EU ETS builds upon the previous two phases and is significantly revised to make a greater contribution to tackling climate change. A more ambitious, EU-wide cap on emissions; auctioning as the preferred means of allocation; and reduced access to project credits from outside the EU will result greater emission reductions, greater certainty and more predictable market conditions.
Phase III of the EU ETS builds upon the previous two phases and is significantly revised to make a greater contribution to tackling climate change. A more ambitious, EU-wide cap on emissions; auctioning as the preferred means of allocation; and reduced access to project credits from outside the EU will result greater emission reductions, greater certainty and more predictable market conditions.
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