Support for the evaluation of the EU emissions trading system (EU ETS) and the Market Stability Reserve (MSR) and for the 2026 review of the EU ETS and MSR

principle, i.e. before revisions of EU legislation. The evaluation will be limited to those issues which have not been subject, in part or in full, to major changes in the last revision of the ETS Directive (primarily free allocation for non-CBAM sectors, the Modernisation Fund, and the MSR), and a

ny other elements that are maintained. Provisions that have been subject to major amendments should not be evaluated, as conclusions on their performance from 2015 (or 2021) cannot be addressed if other changes were made in the meantime. Fo