From 2036, international carbon credits can be used to reduce emissions by up to five points The introduction of the ETS2 emissions trading scheme is postponed until 2028 Follow-up report every two years, with the possibility of updating the climate target for 2040 Parliament has approved a 90% reduction in greenhouse gas emissions by 2040 […]
European Parliament approves 5 key new laws to reach the 2030 climate target
MEPs adopted the reform of the EU’s Emissions Trading System including for aviation and maritime, the Carbon Border Adjustment Mechanism and a new Social Climate fund. On Tuesday, Parliament approved the deals reached with EU countries in late 2022 on several key pieces of legislation that are part of the “Fit for 55 in 2030 package”. […]