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EU Carbon Market Annual Compliance Deadline to Change From 2024

Jan. 25, 2023, 3:59 PM

Companies in the European Union’s carbon market will have more time to account for their emissions as of next year as lawmakers agreed to move the compliance date to the end of September from the end of April.

Under a tentative deal struck last month by representatives of the European Parliament and member states, changes affecting utilities and manufacturers, as well as the aviation and maritime industries, will take place as of 2024, according to a draft document seen by Bloomberg News. That means that the compliance dates will remain unchanged this year, with emitters due to submit certificates accounting ...