Europeans agree on a roadmap, reform of carbon market at end of heat engine

The twenty-seven granted each other on Wednesday to increase from 22 % today to 40 % in 2030 the share of renewable energies in their energy bouquet and to accelerate their efforts in terms of energy saving.

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After the European Parliament, it was the member states that have stopped their position on a series of texts intended to allow the European Union (EU) to reduce its greenhouse gas emissions by 55 % at 2030 (compared to 1990) and thus respect the Paris climate agreement. After weeks of negotiations, the twenty-seven finally reached an agreement in the early morning, Wednesday, June 29, on this legislative package that the Commission had presented on July 14, 2021. It is a “historic agreement”, s ‘is congratulated the French Minister of Ecological Transition, Agnès Pannier-Runacher.

Like the European Legislative Assembly, discussions have been difficult, as the subjects are politically, economically and socially at high risk. Among other things: the different texts pose requirements in terms of ramp -up of renewables; They define, country by country, the energy savings that the different sectors will have to achieve; They provide for the extinction of the heat engine; They reform the carbon market (known as ETS, for emissions trading system) on which the most polluting manufacturers exchange rights to pollute and extend it, in particular, to housing and transport of individuals; They introduce a carbon tax at the borders …

Each capital defended its interests and tried to obtain certain developments in order to protect its industry here, there the purchasing power of its citizens.

The rise of the carbon market, today reserved for a few very polluting sectors (chemistry, electricity production, paper maker, steel industry, cement, steel, etc.) and which covers 40 % of gas emissions of Europeans, has been the subject, among other things, of muscular negotiations.

Consequence, its extension to maritime and air transport suffers from several exceptions. Cyprus benefited from last -minute softening for boats that serve the islands with less than 200,000 inhabitants. Finland has obtained, for its part, a preferential treatment for the icebreaker. As for Italy, it welcomed that the flights at their destination and coming from small airports are granted a derogatory regime.

The twenty-seven have also scheduled the extinction, between 2026 and 2035, free quotas of co 2 that manufacturers receive each year so as not to be disadvantaged in relation to imports from countries third parties without carbon market. Their gradual disappearance will be accompanied by the establishment of a carbon tax at the borders of the EU supposed to protect the industrialists concerned from an extracommunicative unfair competition.

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/Media reports.