ETS2 Market Stability Reserve: publication of Decision 2026/2402 in the OJEU

Decision (EU) 2026/2402 of the European Parliament and of the Council, dated 21 October 2026, amends the Market Stability Reserve (MSR) of the emissions trading scheme for buildings, road transport and other sectors (ETS 2).

Its stated aim is to improve market predictability and price stability during the scheme’s early years.

The text therefore endorses the following amendments, made by the Council and the Parliament, to the Commission’s initial proposal:
• validity beyond 31 December 2030 for allowances placed in the MSR and not withdrawn;
• additional withdrawal if the total number of allowances in circulation is between 210 and 260 million. The volume is equal to 100 million minus twice the difference from 210 million, and is auctioned from 1 September of that year;
• 20 million…