The European Union will on Wednesday unveil its most ambitious plan yet to tackle climate change, aiming to pull ahead in the race among the world’s biggest economies to turn far-off green goals into concrete action this decade. The European Commission, which drafts EU policies, will set out in painstaking detail how the bloc’s 27 countries can meet their collective goal to net reduce greenhouse gas emissions by 55% from 1990 levels by 2030. That is expected to mean raising the cost of emitting carbon for heating, transport and manufacturing, taxing high-carbon aviation and shipping fuels that have not been taxed before, and charging importers at the border for carbon they emitted to make products such as cement and steel abroad.
Reuters 14th July 2021 read more »
The European Commission will launch a fund to alleviate the societal cost of expanding the EU carbon market – the emissions trading scheme (ETS) – to buildings and road transport, according to a leaked draft seen by EURACTV. The EU executive is due to announce a new package of climate legislation on Wednesday (14 July), aiming to bring the EU in line with its new 2030 objective of cutting emissions by 55% compared to 1990 levels. The legislative package includes a planned extension of the EU ETS to heating and transport fuels as a way to create incentives for emission cuts there, according to leaked documents obtained by EURACTIV. The move will be controversial for Poland and senior lawmakers in the European Parliament who have warned that this risks raising fuel prices and hit Europe’s poorest households.
Euractiv 14th July 2021 read more »