The Magritte group welcomes the ratification of the Paris agreement and its entering into force before the COP22. This shows once again the leadership of the European Union in the fight against climate change. The EU must now turn its long term climate commitments (80-95% of greenhouse gas emission reductions compared to 1990 by 2050) into concrete measures in order to align the EU ETS with the objectives agreed in Paris.

The Magritte Initiative: let's take action to fix the European Carbon Market now!