Sofia calls for a temporary suspension of the EU Emissions Trading Scheme

Acting Energy Minister Traicho Traikov announced that Bulgaria has joined the ranks of countries calling for a review of the EU Emissions Trading System (ETS). He added that this was the position he had defended at the European Union Energy Council.

Yesterday, the Parliamentary Energy Committee unanimously adopted a draft resolution authorising the Council of Ministers to take a stance on the potential suspension of ETS implementation. Introduced in 2005, the ETS is intended to lower greenhouse gas emissions in the EU. Bulgaria insists that it should be suspended until the current EU-level review is completed and a derogation mechanism is developed.

"In my statement, I argued that emissions trading should be reviewed in light of the current period of exceptional turmoil in global energy and geopolitics," said Mr Traikov.

Editor: Diana Tsankova