CLIMATEglobal
UPDATE – European Commission moves to “modernise” EU ETS with MSR upgrade, €30 bln investment push
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Updated 2 hours ago
First seen March 20, 2026 11:00:14Stay on top of this story
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Quick Summary
The European Commission will propose reforms to the EU carbon market, including tweaks to the Market Stability Reserve, a €30 billion industrial decarbonisation fund, and plans to extend free allocations from 2035, as the bloc weighs short-term interventions to cushion the impact of surging energy prices triggered by disruption in global oil and gas markets linked to the US-Israel war against Iran.