Ø requires polluters to pay for their greenhouse gas (GHG) emissions;
Ø launched in 2005, it is the world’s first carbon market and among the largest ones globally;
Ø helps bring overall EU emissions down while generating revenues to finance the green transition;
Ø covers emissions from the electricity and heat generation, industrial manufacturing and aviation sectors - which account for roughly 40% of total GHG emissions in the EU;
Ø started covering emissions from maritime transport in 2024;
Ø operates in all EU countries plus Iceland, Liechtenstein and Norway, and is linked to the Swiss ETS (since 2020).