Amendment: Transitional EU rules for free emission allowances

This procedure updates existing rules for how companies receive free emission allowances under the EU's climate policy. It aims to ensure the system continues to work effectively as climate targets evolve, contributing to the EU's goal of reducing greenhouse gas emissions.

The changes affect industries that receive free allowances to help them compete internationally and avoid 'carbon leakage'. This ensures a smoother transition towards stricter climate targets for businesses across the EU.