Revision of the emissions trading system and carbon credits: how many tonnes, how many credits?

The 260 million credits planned from 2036 shed light on the first step in Europe’s reopening to international carbon markets, but the overall framework remains unclear.

The EU’s renewed openness to international carbon credits has, in just four months, gone from principle to instrument. Regulation (EU) 2026/667, which amended the European Climate Law in March, established that from 2036 high-quality international credits, under Article 6 of the Paris Agreement, will be able to contribute appropriately to the 2040 target of reducing the Union’s net emissions by up to 5% in 1990, corresponding to a national reduction of 85%.

It is also indicated that their origin, quality criteria and conditions of acquisition and use will be regulated by Union law.

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