“Germany and France seek agreement on EU carbon market reform”
The governments of France and Germany intend to reinforce European carbon trading in the electricity sector and aim to initiate a reform of the EU’s emissions trading system (ETS) before the UN’s COP 23 in November, news agency Reuters reports. Brune Poirson, French Minister of State in the ecology ministry, met with German counterparts Rainer Baake from the Ministry for Economic Affairs and Energy (BMWi) and Jochen Flasbarth from the Federal Environment Ministry (BMUB).
In press releases by the ministries, Poirson and her German counterparts said they would jointly work towards a quick implementation of the Paris Climate Agreement and advance legal groundwork on a European energy union. The state ministers also confirmed the continued implementation of a cross-border smart grid project as well as cross-border auctions of renewable energy projects.
See the CLEW factsheet Understading the EU's ETS for background.