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EU, Switzerland to link emissions trading systems
- Sign-off on agreement between EU and Switzerland could take place before the end of this year

The EU is set to link its emissions trading system with Switzerland's system, after the European Commission (EC) adopted two proposals to finalize an agreement between the two sides, the EC announced on Wednesday.

The Commission said that under the forthcoming linking arrangements, participants in the EU Emissions Trading System (EU ETS) will be allowed to use allowances from the Swiss system for compliance, and vice versa.

"Linking the EU ETS with other emissions trading systems expands opportunities for emissions reductions, thereby cutting the cost of fighting climate change," the EC highlighted.

The agreement follows negotiations over several years between the EU and Switzerland.

"Today, the Commission adopted a proposal for the signature of the agreement and another one for its conclusion (ratification). Both proposals will now be discussed by the Council, which will require the consent of the European Parliament in order to conclude the agreement," the Commission explained.

The EC said that following the sign off of the agreement, which could take place before the end of this year, both sides will ensure that all criteria are met and prepare for its implementation.

Once technical arrangements for linking the two systems are finalized, both sides will then ratify the agreement. The agreement will enter into force at the start of the year following ratification, which is not expected before 2019.

By Ebru Sengul

Anadolu Agency

energy@aa.com.tr

 

 

17 Aug,2017
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