BRUSSELS, July 8 (Reuters) – The European Commission will propose making its emissions trading system more flexible for industrial companies, granting them more free allowances in exchange for investment in decarbonation, a Commission official said on Wednesday.
The EU also wants member states to spend more of the revenues from carbon pricing revenues on the industries involved, the official added.
The Commission will propose a revision of the ETS, the EU’s biggest climate change policy, on 17 July.
(Reporting by Kate Abnett, editing by Inti Landauro)
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