Green Deal: first price increases as early as 2024

Reform of the European Emissions Trading Scheme (ETS) was seen as the centerpiece of the Fit for 55 package. It is intended to achieve a large part of the CO₂ reduction of 55 percent by 2030 compared to 1990. This is to be achieved firstly through higher CO₂ prices, by reducing the quantity of emission allowances on the market more quickly than before. In 2024, 90 million certificates will be lost, and in 2026 another 27 million – in addition to the quantities that are already disappearing each year. This means that 130 million fewer emission allowances will flow onto the market next year than in previous years.