European institutions reach provisional compromise on EU ETS reform

 The deal includes an increase of free allowances for industry, which increases the likelihood that the best performing companies will receive the free allocation they need. This is one of the core principles of the EU ETS and Cefic position. The provisional agreement has also rejected a tiered approach to free allocations, which would have significantly impacted many sectors by causing a severe under-allocation as a result of preferential treatment for a select few.
For further information, please read the press releases of Cefic and of the European Commission.