At just before 2 a.m. on Sunday, the deal for one of Europe’s most important climate action instruments was finalized: In a jumbo trialogue, the EU Parliament, the Council and the Commission agreed to reform European emissions trading in such a way that emissions will fall more quickly by 2030 and the carbon price will rise. For a long time, the second emissions trading system for heating and road traffic was hanging in the balance. It is now on its way, but with significantly reduced social compensation. I summarized all the results of the jumbo trilogue for you.