European Commission consults on State aid guidelines related to the EU Emission Trading Scheme
Mayer Brown Legal Update
The EU Emission Trading Scheme ("EU ETS”) was established in 2005 for the purpose of limiting the CO2 emissions in the EU. It allocated allowances to economic operators and provided the possibility to trade these allowances. In 2008, Directive 2009/29/EC amended the EU ETS resulting in a further expansion of its scope and setting an overall EU cap.