Directive (EU) 2023/959 (Fit for 55 ETS Revision) - Revised EU Emissions Trading System: 62% Reduction Target by 2030, Maritime Inclusion from 2024, ETS2 for Buildings and Road Transport from 2027, Phase-Out of Free Allowances, Linear Reduction Factor 4.3-4.4% and Social Climate Fund

What Directive (EU) 2023/959 (Fit for 55 ETS Revision) - Revised EU Emissions Trading System: 62% Reduction Target by 2030, Maritime Inclusion from 2024, ETS2 for Buildings and Road Transport from 2027, Phase-Out of Free Allowances, Linear Reduction Factor 4.3-4.4% and Social Climate Fund requires

Directive (EU) 2023/959 of 10 May 2023 significantly amends Directive 2003/87/EC (the EU Emissions Trading System) to align the ETS with the EU's 2030 climate target of at least 55% net GHG reduction under the European Climate Law; key changes include: a 2030 ETS reduction target of 62% below 2005 levels; extension to maritime shipping from 2024; creation of a separate ETS2 for buildings and road transport from 2027 (or 2028 if energy prices remain exceptionally high); an increased Linear Reduction Factor (LRF) of 4.3% (2024-2027) and 4.4% (2028-2030); a one-off deletion of 90 million allowances in 2024; phased elimination of free aviation allowances (2026-2033) aligned with CBAM implementation; and establishment of the Social Climate Fund funded by ETS2 auction revenues to support vulnerable households and transport users through the green transition.

Pillar: Sustainability & ESG · Authority: European Parliament and Council of the European Union · Version: 1.0.1 · Last updated: 2026-04-30

Primary source: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32023L0959

SHA-256 integrity: 10bd27647d851ae8d999a2d89ac8b3db5423e8558ea18cc4acd95e3b9c2fe8f9

Primary Citations — 7 traced to source

• https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32023L0959
• https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32023L0959

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