The European Parliament will vote this week on a raft of EU climate change policies designed to cut Europe's emissions over the next decade, with proposals facing multiple amendments and the outcome uncertain for some of the most ambitious plans.
The plans aim to put the 27-country European Union - the world’s third-largest economy - on track for its goal of reducing net greenhouse gas emissions 55% by 2030, from 1990 levels.
One proposal represents the biggest overhaul of the EU carbon market since its launch in 2005. This would reinforce the scheme to cut emissions for the sectors it covers by 61% by 2030, under an original plan by the European Commission, which drafts EU laws. Liese also predicted a "controversial vote" on the EU's world-first plan to impose a CO2 levy on imports of carbon-intensive goods like steel and cement, with lawmakers split over how quickly the scheme should replace the free CO2 permits those industries currently receive.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EU banks’ fading growth hopes imply more cost cutsAfter more than a decade of austerity, lenders like BNP and Deutsche are now betting on rising revenue to deliver adequate shareholder returns. A lacklustre economy could scupper that. To hit their targets, banks may have to slice into technology budgets and branch networks.
Read more »
Antsy Lithuania Latest to Anticipate EU Crypto Law With One of Its OwnMinisters don’t want a crypto disaster to happen while they’re waiting for Brussels lawmakers to dot the i’s on landmark MiCA legislation, but some warn their plans could wreck the sector.
Read more »
Industry steps up lobbying ahead of bumper EU climate votesEuropean Union lawmakers have been inundated by lobbyists ahead of votes this week on more ambitious EU climate change policies, with some industries urging them to scale back the proposals.
Read more »
Polestar 5 electric sedan outed in EU patent imagesA battery of more than 100 kWh should deliver a range of more than 300 miles when powering the standard dual-motor AWD drivetrain.
Read more »
Op-Ed: To pay for the war, Ukraine needs the E.U.’s help to restart its economyIt's imperative that the Ukrainian government generate more tax revenues if it's to keep fighting Putin's invading army.
Read more »
Industry steps up lobbying ahead of bumper EU climate votesEuropean Union lawmakers have been inundated by lobbyists ahead of votes this week on more ambitious EU climate change policies, with some industries urging them to scale back the proposals.
Read more »