FuelsEurope Press Release on ITRE vote – EU ETS reform

The opinion adopted by the ITRE Committee on ETS reform this morning provides a sound basis for upcoming negotiations. FuelsEurope welcomes in particular the increased flexibility for industry regarding the free allocation budget, the full recalculation of product benchmarks before Phase IV and better reflection of variations inactivity levels. FuelsEurope is however concerned about the application of the flat reductions to the benchmarks during Phase IV and the introduction of the CSCF exemptionforthe10%bestperformers, which would lead to unintended consequences.