EU lawmakers decided to support the future of Emission Trading Scheme (EU ETS), known as the backloading plan, on July 3rd vote by a slim margin (see below).

The bakcloading plan intends to limit supply available for trading by 900 million units, thus stimulating CO2 prices which, in turn, will affect electricity wholesale prices in Europe as well as costs for CO2 intensive industry.

If the EU Council will support the plan, the European Parliament will have the third and final vote.