UPDATE – EU set to boost “firepower” of Market Stability Reserve, accelerate ETS revision work

The European Commission will propose increasing the “firepower” of the Market Stability Reserve (MSR) in a bid to ease EU ETS costs in the near term, and will factor in industry concerns as it finalises changes to free allowance allocation rules, President Ursula von der Leyen has told EU leaders in a letter ahead of this week’s summit.