Although the start of the emission trading for sectors of transport and buildings is envisioned as from 2026 only (as an integral part of the Fit for 55 legislative proposals), given its scale and possible impacts it is useful to take a brief look at its main assumptions.
They are briefly covered here.
However, more specific questions also come to mind, in particular about:
- potential parallels to existing EUAs and EUAAs,
- admission of financial institutions to the new cap-and-trade system,
- qualification of the new emission allowances as financial instruments under MiFID II,
- VAT taxation.
Considering this, a more general ambiguity may arise: is the emissions trading system for road transport and buildings a continuity or a revolution?
The answer is available here.