Europe to unveil major draft climate change policy
BRUSSELS, July 14 (Reuters) – The European Union will unveil its most ambitious plan to date to tackle climate change on Wednesday.
The European Commission, which drafts the EU’s policies, will explain in great detail how the 27 countries in the bloc can meet their collective goal of reducing greenhouse gas emissions by 55% from 1990 levels of here 2030. read more
This should mean raising the cost of carbon emissions for heating, transportation and manufacturing, taxing high-carbon aviation and transportation fuels that have not been taxed previously, and charging importers at the border. the carbon they emitted to manufacture products such as cement and steel overseas.
“This will be the biggest climate package in our history,” said Jytte Guteland, the Swedish lawmaker who was the European Parliament’s main negotiator on the EU’s climate goals. “Our economic sectors, our industries, everyone has to adapt to something new.”
The measures will require the approval of Member States and the European Parliament. They are likely to face intense lobbying from certain industrial sectors, from poorer European member states who want to protect their citizens from price hikes, and from more polluting countries facing a more costly transition.
A diplomat from an EU country said the package’s success would hinge on its ability to be “realistic” and socially fair, without destabilizing the economy.
“The aim is to bring the economy to a new level, not to stop it,” the diplomat said.
NOW THE HARD PART
The EU package comes days after California suffered one of the highest temperatures on earth ever, the latest in a torrent of brutal heat waves that hit Russia, northern Europe and Canada.
The EU has so far reduced its emissions by 24% from 1990 levels, but many of the simpler measures, such as reducing reliance on coal to generate electricity, have already been taken . Achieving the targets over the next decade will require more significant adjustments.
As the impacts of climate change worsen around the world, Brussels will propose 12 policies to target most of the major sources of emissions, including power plants, factories, cars, airplanes and heating systems in cities. buildings.
The measures follow a fundamental principle: to make more expensive and greener polluting options more attractive to the 25 million businesses in the EU and almost half a billion people.
The set of proposals is expected to include stricter European targets for developing renewable energy and reducing energy consumption by renovating buildings this decade. Read more
AIRPLANES, SHIPS AND AUTOMOBILES
Stricter emission limits for cars are expected to end sales of new gasoline and diesel cars by 2035 or 2040 in the EU.
An overhaul of the EU’s emissions trading system, the world’s largest carbon market, would force factories, power plants and airlines to pay more when they emit CO2. Ships could also be added to the ETS, forcing shipowners to pay for their pollution for the first time. Read more
A new European carbon market is expected to impose CO2 costs on the transport and construction sectors – with part of the income being placed in a fund to reduce fuel bills for low-income households. Read more
The Commission will also unveil its plan for the first ‘border carbon tariff’, forcing manufacturers abroad to pay CO2 costs when they sell goods such as steel and cement in the EU. Read more
Meanwhile, a tax overhaul could impose an EU-wide tax on polluting aviation fuels, which currently escape these levies. Read more
For some EU countries, the package is a chance to consolidate the EU’s global leadership in the fight against climate change.
Danish Climate and Energy Minister Dan Jorgensen said this would signal to the rest of the world that “it is possible both to set ambitious targets and to introduce the concrete measures needed to achieve them”.
But the plans revealed familiar divisions between EU countries. Poorer member states are wary of policies that would increase consumption costs, while regions that depend on coal-fired power plants and mines want guarantees of more support as they prepare for a transformation that will require massive retraining of workers.
Reporting by Kate Abnett Editing by John Chalmers and Peter Graff
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