The Council and Parliament have agreed to increase the emission reduction by 2030 to 62% in the sectors covered by the Emissions Trading Scheme, as well as to establish a Social Climate Fund.
Euskaraz irakurri: EBk funtsezko akordioa lortu du CO2 isurketak murrizteko
The Council and the European Parliament have reached this past morning a key agreement to reduce CO2 emissions and address their social impact in a pact pending formal adoption in both institutions.
The agreement, part of the package ‘Goal 55’, affects on the one hand the so-called Emission Rights Trading Regime. In this sense, the Council and Parliament have agreed to increase the reduction of emissions by 2030 to 62% in the sectors covered by this regime.
This reform was considered key to achieving the stated objective of reduce CO2 emissions by 55% by 2030 from 1990 levels.
On the other hand, the Council and Parliament have agreed to establish a Social Climate Fund to help vulnerable households, micro-enterprises and transport users cope with the price impacts of an emission regime for buildings and road transport, and fuels for other sectors.
Besides, free CO2 certificatesgranted to the industry to remain competitive against rivals from outside the European bloc, will be completely phased out by 2034with the entry into force, from 2026 of a planned carbon border adjustment mechanism, after a transition period of three years.
The Czech Environment Minister, Marian Jurecka, has applauded the agreement as a “victory for the climate and European climate policy”. “We can now safely say that the EU has delivered on its promises with ambitious legislation and this puts us at the forefront of the fight against climate change globally,” he celebrated.
Source: Eitb
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