On 27 February 2018, the Council formally approved the reform of the EU emissions trading system (ETS) for the period after 2020.
The revised ETS directive is a significant step towards the EU reaching its target of cutting greenhouse gas emissions by at least 40% by 2030, as agreed under the EU's 2030 climate and energy framework and fulfilling its commitments under the Paris Agreement.
"As Presidency we will work towards retaining the EU's leading role in the negotiations on the conclusion of the implementation rules of the Paris Agreement. Reducing greenhouse gas emissions will not only contribute to the fight against climate change but it will also positively impact the improvement of the air quality. Protecting the environment and the health of European citizens is one of the priorities of the Bulgarian Presidency."
Neno Dimov, Bulgarian Minister of Environment and Water
Read the full press release here.
Visit the meeting page on the website of the Council of the European Union.