The EU Emissions Trading Strategy - The European Union Emission Cap

Over the 10-year period from 2021 to 2030, industrial companies in the European Union will have to make further carbon savings of about 1.5 billion tons of CO2. So effectively, that's a very significant tightening of the cap. Peter Leyser: The absolute priority has to be to bring prices down in the near term. But again, it's an indication of how urgent the problem is today, that they will say, look, we'll worry about that later.