The Bulgarian Government has adopted changes to the Climate Change Law

The government passed a bill to amend the Climate Change Law. Changes are being made to the procedure and method of setting free allowances for installation operators in the EU Emissions Trading Scheme (EU ETS). The EU’s ultimate target for ETS is a 43% reduction by 2030 compared to 2005. The changes provide for the continuation of the existing derogation for power generators in Bulgaria so that they continue to receive free quotas. The provision of transport fuels and energy providers has been enabled to meet their upstream emission savings obligations from projects beginning on 1 January 2011. The project transposes Directive (EU) 2018/410 of the European Parliament and of the EU Council of 14 March 2018 amending Directive 2003/87 / EC to enhance cost-effective emission reductions and low carbon investments.

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