MEPs support the extension of emissions trading to buildings and transport. Companies that emit climate-damaging gases must be paid from 2025. A year later it was the turn of the waste incineration.
The proposals presented on Tuesday were preceded by intensive negotiations. In concrete terms, companies would have to pay from 2025 for the emissions of climate-damaging gases from company buildings and commercial traffic. Companies that produce in a climate-friendly way can in turn be rewarded with free certificates.
Private buildings included from 2029
Shipping traffic should already be covered by emissions trading by 2024 and waste incineration will follow two years later. According to the proposal, private buildings and vehicles will not be added until 2029, and only under certain conditions, such as when energy prices have fallen and households receive money from a new climate social fund.
One of the negotiators, Peter Liese (CDU), regrets that private consumption is being postponed. But overall he is satisfied. The compromise reached is good for the climate, jobs and people.
As expected, there was criticism from industry representatives. For example, they fear international competitive disadvantages because other regions of the world do not yet have carbon pricing.
vote in June
Parliament is expected to vote on the proposals in early June. A law would then have to be negotiated with the EU countries. The Emissions Trading System (ETS) was established in 2005 to reduce greenhouse gas emissions. Certain companies have to buy certificates for the emission of climate-damaging gases such as carbon dioxide or get them for free. This currently includes the electricity sector, parts of industry and aviation.
Source: Krone
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
