EP adopts legislation for 2030 climate target

(CIANEWS) - The European Parliament (EP) has voted in favour of reforming the EU Emissions Trading Scheme for aviation and maritime transport, as well as a carbon offset mechanism at borders. Free allowances under the emissions trading scheme will end by 2026. Road transport and buildings will be in the new ETS II from 2027. The EP also approved a social climate fund. The regulations are part of the Fit for 55 package for 2030, which aims to reduce EU greenhouse gas emissions by at least 55% compared to 1990. The Council must now also formally approve the text. The texts will then be published in the EU's Official Journal and will enter into force 20 days later.



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