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Today, the instruments of ratification of both Parties to the Withdrawal Agreement were deposited with the Secretary-General of the Council and the Withdrawal Agreement will enter into force on 1 February 2020. This Agreement ensures that UK operators remain subject to EU ETS compliance obligations for emissions in the years 2019 and 2020. Therefore, it is no longer necessary to maintain the suspension of relevant processes for the UK. In accordance with legal provisions in force, the suspension will no longer apply and allowances issued by the UK in respect of 2019 and 2020 will not be identified by a country code nor be excluded from use for compliance. This means that from 3 February 2020 all processes for the UK in the Union Registry can again be executed.

Remarks by Executive Vice President Timmermans, in charge of the European Green Deal,  at the Conference on the first European Climate Law, in Brussels

The European Commission today published a status update on the allocation of allowances from the New Entrants' Reserve 2013‑2020.

The European Union is committed to becoming the first climate-neutral bloc in the world by 2050. This requires significant investment from both the EU and the national public sector, as well as the private sector. The European Green Deal's Investment Plan - the Sustainable Europe Investment Plan - presented today will mobilise public investment and help to unlock private funds through EU financial instruments, notably InvestEU, which would lead to at least €1 trillion of investments.