by Aoife O'Leary, Founder and CEO, Opportunity Green

The European Commission (COM) has proposed including the road transport and buildings sectors in the EU Emissions Trading System from 2026 (known as the ETS2).

The regulated entities will be the upstream providers of fuel, i.e., the oil majors such as Total, Shell, BP, Eni and Repsol.

This legal analysis, commissioned by Transport & Environment, considers whether the oil majors can be required to absorb part of the ETS2 cost and concludes that there are at least two options the EU could use to do so.

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