Brussels, 22 Jun 2022 (AFP) – MEPs formalized an agreement on Wednesday (22) on reforming the European carbon market, two weeks after a surprising defeat of the original draft of this fundamental plan for the European Union’s climate plan. (HUH).
After intense negotiations, MEPs adopted a commitment to expand the carbon market and progressively eliminate, between 2027 and 2032, the emission quotas assigned to companies.
This elimination would be adopted as a carbon tax on imports from third countries takes effect at EU borders.
The agreement expressed in Wednesday’s vote paves the way for negotiations between MEPs and the bloc’s member states.
This agreement was supported this Wednesday by 439 votes in favour, with 157 against and 32 abstentions.
On 8 June, the initiative suffered a catastrophic setback when it was rejected by the plenary of the European Parliament, as being considered insufficient by the Greens and Social Democrats.
The carbon market reform project is one of the central pillars of a roadmap proposed by the European Commission in 2021, supported by 14 texts.
The plan developed by the EU includes a mechanism that expands the emission quota trading system (known by the acronym ETS) to include the transport and construction sectors.