EU Parliament adopts ETS reform but what happens next in the Council?

On Wednesday afternoon, the MEPs of the EU Parliament voted in the second attempt for the reform of the European Emissions Trading System (ETS). After failing to secure a majority for the parliamentary position just 14 days ago, the three major political groups (EPP, S&D, and Renew) had already agreed on joint compromises last week. These were adopted at the plenary session in Brussels with a broad majority of 439 votes in favor, 157 votes against, and 32 abstentions.