Brussels announces landmark plan to reduce European carbon footprint

Brussels will formulate a plan on Wednesday to make the EU a pioneer in the world to achieve net zero emissions to limit global warming. Decarburization Strategies for all economic sectors and international trade.

The European Commission will announce 13 policies under its “fit 55” package-aiming to ensure that the European continent achieves its goal of reducing average greenhouse gas emissions by 55% by 2030 and achieving net zero emissions by 2050, and Compared with the 1990 level, the response to climate change.

The plan was called the EU’s “moon landing” by the European Commission’s President Ursula von der Lein, and it is likely to be strongly opposed by poorer EU countries and some industries. They believe that the pace of change and strengthened supervision will become Financial burden. EU trading partners will also closely review these measures, as their companies face penalties for exporting carbon-intensive products such as steel and cement.

The core of the EU’s master plan is to expand the emissions trading scheme, a system that allows companies to pay for pollution costs. Brussels hopes to further include emissions from the automobile industry and building heating to accelerate the pace of decarbonization.

Frans Timmermans, executive vice president of the committee responsible for green policy, called the package “arguably the world’s largest transformational initiative.” Living memoryThe United States and the United Kingdom will pay close attention to how the EU’s plan is implemented as they try to achieve their ambitious net zero emissions targets.

One of the most anticipated measures is the EU Carbon Border Adjustment Mechanism (CBAM).This will force importers of steel, cement, aluminum and fertilizers to pay Soaring carbon costs Facing European industry.The prospects for expropriation have improved Alerts from Russian companies Who said they would be hit hardest?

As Brussels seeks to curb the carbon footprint of an industry whose emissions have been steadily rising since 1990, Europe’s transportation sector faces the biggest adjustment.

The automotive industry will be included in the ETS, and new cars will comply with stricter CO2 emission reduction standards in the next 15 years. According to officials, the committee’s goal would be equivalent to a de facto ban on the sale of new diesel and gasoline vehicles by 2035. This will be accompanied by new rules to increase the availability of charging points and encourage the shift to electric vehicles.

Aviation and shipping will be punished for pollution, Taxation of aviation and maritime fuel Presented for the first time. From 2023, the shipping industry will also fall within the scope of the expanded ETS to cover journeys within the EU.

Committee hope Avoid political uprising By providing financial support worth tens of billions of euros to help compensate households suffering from energy poverty, thereby reducing carbon pricing.

Brussels acknowledged that the extension of the emissions trading system will have an impact on the poorest households, who will spend more of their income on heating and cannot afford to adopt more environmentally friendly means of transportation.

Proposal has been generated Opposition from some governments And members of the European Parliament who need to approve reforms to take effect.

Pascal Canfin, a member of the French European Parliament and head of the parliamentary environmental committee, warned of the political consequences of “the mistake of extending the carbon market to heating and fuel markets.”

“We experienced it in France,” he said, referring to populists Gasoline rise against the plan In 2018 in France. “It gave us the yellow vest (Yellow vest)”

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