Market stability reserve for the EU Emissions Trading System (EU ETS): ceasing the invalidation of allowances
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In interinstitutional negotiations (trilogues). Parliament and Council are working toward a provisional agreement, which would still need formal adoption to become law.
Last active 07 Oct 2026
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What this bill does
In plain terms: what it changes and who it affects.
The proposal stops cancelling surplus EU carbon allowances held in the market stability reserve.
Who it affects
It affects companies covered by the EU Emissions Trading System and Member States relying on carbon market stability and auction revenues.
Core of the proposal
- Ends the rule invalidating reserve allowances above 400 million.
- Allows more allowances to remain in the market stability reserve.
- Aims to provide a future liquidity buffer against market tightness.
- Leaves the overall design of the market stability reserve unchanged.
Key provisions
- Takes effect
- The Decision enters into force on the third day following publication in the Official Journal of the European Union.
Articles changed · 1 across 1 law
- Decision (EU) 2015/1814 (32015D1814)
- art. 5: adds paragraph providing that Article 1(5a) ceases to apply from entry into force
Latest update
23 Sept 2026The most recent development in this bill's progress.
Trilogues (interinstitutional negotiations) → Trilogues (interinstitutional negotiations)
Trilogues (interinstitutional negotiations) → Trilogues (interinstitutional negotiations)
Documents
1 recentSourcesOEILEUR-LexEU Law Tracker