The EU Parliament's environment committee's second vote on a draft law to prop up EU carbon prices is scheduled for June 19 before a vote in the full assembly in July.

The joint statement Energy and Environment Ministers from nine European member states of 7 May 2013 stressed they want to see this year to reform the EU's Emissions Trading System (ETS) to ensure it remains at the forefront of EU policies to combat climate change and drive low carbon investments.


The joint statement sets out clear direction and deadlines on next steps on EU ETS reform including calls for national governments in the Council and MEPs in the Parliament to come to a resolution to backloading proposals by July 2013 at the latest as well as calls for the European Commission to produce a legislative proposal to deliver proper structural reform to the EU ETS by the end of 2013 at the latest.

 

The full text of the joint statement Energy and Environment Ministers from nine European member states of 7 May 2013 is available here. 

 

See also the background on the Auctioning Regulation and the concise legislative history of the backloading issue.

 

Emissions-EUETS.com remains skeptical on the reasons for backloading intervention (see 'Why EU ETS does not apply auction purchase limit and holding limit'), given, among many other risks, the speculative potential of the initiative).