āGermany and France seek agreement on EU carbon market reformā
The governments of France and Germany intend to reinforce European carbon trading in the electricity sector and aim to initiate a reform of the EUās emissions trading system (ETS) before the UNās COP 23 in November, news agency Reuters reports. Brune Poirson, French Minister of State in the ecology ministry, met with German counterparts Rainer Baake from the Ministry for Economic Affairs and Āé¶¹ĪŽĀė°ę (BMWi) and Jochen Flasbarth from the Federal Environment Ministry (BMUB).
In press releases by the ministries, Poirson and her German counterparts said they would jointly work towards a quick implementation of the Paris Climate Agreement and advance legal groundwork on a European energy union. The state ministers also confirmed the continued implementation of a cross-border smart grid project as well as cross-border auctions of renewable energy projects.
Read the Reuters article in English , the press release by the BMWi and the BMUB in German and , and a release by the French ecology ministry in French .
See the Āé¶¹ĪŽĀė°ę factsheet Understading the EU's ETS for background.