The EU relaxes regulations on carbon storage.

The EU has agreed to relax regulations on carbon storage, keeping a part of the reserve until 2030 to mitigate the risk of shortages and price volatility in the market.

European Union (EU) member states have agreed to temporarily suspend the cancellation of surplus CO2 emission quotas held in the carbon market until 2030, in order to increase their capacity to respond in case the supply of quotas becomes scarce. The decision was adopted by EU ambassadors on 23 September, as part of specific amendments to the Market Stabilisation Reserve (MSY) mechanism within the EU’s Emissions Trading System (ETS).

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