EU decides to include transport sector in Emissions Trading System

The European Parliament voted on the three main drafts of the Fit for 55 package yesterday. The bill, which has been called the largest climate change bill ever, includes the transport sector in the Emissions Trading System 2 (ETS2).

<1000
EU decides to include transport sector in Emissions Trading System
Photo credits @ @ EPPGroup / Twitter

The transport and construction sectors are to be included in the ETS 2 from 2025. Initially, it will only apply to commercial transport, and from 2029, it will be extended to cover passenger transportation, as well.

All revenues from fees and emissions trading are to be allocated to climate protection expenditure in the EU and its Member States.

The Fit for 55 scheme is a package of legislative changes aimed at reducing the emissions of the European economy by at least 55 per cent by 2030 and reaching climate neutrality by 2050.

In early June, MEPs rejected the bill. At that time, the European Road Transport Union (EUTR) welcomed the decision of MEPs. The association explained that in order to introduce the system, it is first necessary to develop the infrastructure of alternative fuels.

As today’s decision is still fresh, we are expecting comments from the industry in the coming days.

 

Trending articles
Trending articles