A phase out, although less severe
October 23, 2023
As expected, the protracted European F-gas revision negotiations have delayed the imposition of the proposed new quota amounts under the new phase-out timetable until 2025.
The recently agreed revision proposal document, which is due to be put to a parliamentary vote in November, confirms that the next big quota step down, originally scheduled for 1 January 2024 has now been put back to 1 January 2025.
The recently agreed phase-out proposal
| Years | Maximum quantity in tonnes CO2 equivalent |
|---|---|
| 2025-2026 | 42 874 410 |
| 2027-2029 | 21 665 691 |
| 2030-2032 | 9 132 097 |
| 2033-2035 | 8 445 713 |
| 2036-2038 | 6 782 265 |
| 2039-2041 | 6 136 732 |
| 2042-2044 | 5 491 199 |
| 2045-2047 | 4 845 666 |
| 2048-2049 | 4 200 133 |
| 2050 и далее | 0 |
The European Commission’s original phase-down
| Years | Maximum quantity in tonnes CO2 equivalent |
|---|---|
| 2024-2026 | 41 701 077 |
| 2027-2029 | 17 688 360 |
| 2030-2032 | 9 132 097 |
| 2033-2035 | 8 445 713 |
| 2036-2038 | 6 782 265 |
| 2039-2041 | 6 136 732 |
| 2042-2044 | 5 491 199 |
| 2045-2047 | 4 845 666 |
| 2048 и далее | 4 200 133 |
As previously reported, a major change is that the phase down has now become a phase out. While the Commission’s original revision document allowed for 4.2MtCO2e from 2048 onwards, the new proposals seek a complete phase out in 2050.
The new document introduces a slightly more relaxed phase down in the early years than the original European Commission proposals, which sought a near 50% phased down from current quota levels next year to 41.7MtCO2e. The new proposals provide for a slightly higher allowance of 42.9MtCO2e.
Similarly, the severe cut in 2027 proposed by the Commission has also been relaxed slightly from 17.7MtCO2e to 21.7MtCO2e.