Brussels to unveil a well-known plan to reduce carbon emissions in Europe

Brussels plans Wednesday Wednesday that EU will be the first in the world to meet zero emissions to reduce global warming, and opening A way to deal with all sectors of the economy and global trade.

The European Commission has announced 13 points under the “Fit for 55” package – designed to address climate change by ensuring that the contractor achieves its goal of reducing greenhouse gas emissions by 55% by 2030 and zero by 2050, compared to 1990 levels.

The plan, dubbed the EU’s “moon man” by Commission President Ursula von der Leyen, is at risk of backing the crisis from poorer EU countries and other industries who say the change and the increase in legislation could be costly. This is also well documented by the suppliers of these organizations as their companies face penalties for exporting sharp objects such as steel and cement.

The main goal of the EU plan is to expand the Emission Trading Scheme, a mechanism that allows companies to pay the cost of waste. Brussels intends to continue to emit air from the automotive company and from the greenhouse to accelerate decarbonisation.

Frans Timmermans, Deputy Vice-President of the Green Regulatory Commission, called the package “Definitely a major change in the memory memory“. The US and UK will carefully monitor how the EU’s approach will be used in measuring their ambitions for networking.

One of the most anticipated is the EU carbon emissions (CBAM) approach. This will force the exporters of metal, cement, aluminum and fertilizer to pay high carbon prices facing the European industry. Tax expectations have risen alarms from Russian businesses who say they will be caught badly.

The transport sector in Europe is facing a major setback as Brussels seeks to halt carbon emissions from companies whose air has been steadily rising since 1990.

Automotive companies are expected to be included in the ETS and new vehicles will be rigid in terms of CO2 emissions over the next 15 years. The council’s targets will serve as a ban on the sale of new diesel and petrol vehicles by 2035, according to officials. This is in addition to the new rules that increase the availability of toll booths and encourage switching to electric vehicles.

Flight and shipping will be penalized for pollution, and air and sea oil tax he wants first. Shipping companies will also be subjected to additional ETS to meet EU interventions from 2023.

The Commission hopes to do so avoid rebellion on carbon prices by providing tens of billions of euros in aid to help households living in access to electricity.

Brussels acknowledges that the addition of ETS will affect poor households who spend a lot of money on debt consolidation and may not be able to run green alternatives.

The idea has already been made opposition from other governments and members of the European Parliament who will need to approve the changes to take effect.

Pascal Canfin, France’s MEP and chairman of the parliamentary committee, warned of the dangers of “making the mistake of expanding the carbon market to burn with oil”.

“We’ve had it in France,” he said, referring to the crowd rebel oil production is on the rise in France in 2018. “They gave us yellow vests (yellow dress). ”

Follow @ftclimate on Instagram