The trilogue negotiations for the reform of the European Emissions Trading System (ETS) and for the introduction of a Carbon Border Adjustment Mechanism (CBAM) were supposed to be concluded before COP 27 in November. But nothing is likely to come of this. The next trilogue round on ETS reform is not scheduled to take place until the second week of October (week 41), and on the CBAM the week before (week 40). With this timetable, an agreement by the start of the UN climate conference on November 7 is very unlikely.
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