The European Union is advancing its landmark reform of the Emissions Trading System (ETS), a key component of its “Fit for 55” climate plan. The updated blueprint aims to accelerate emissions cuts, phase out free carbon allowances for domestic industries, and introduce a carbon border tax on imports to prevent carbon leakage. Additionally, the expansion of carbon pricing to sectors like shipping, aviation, heating, and road transport is under negotiation, alongside a dedicated fund to shield vulnerable households from rising energy costs during the green transition.
- The revised framework targets a 62% reduction in greenhouse gas emissions within ETS-covered sectors by 2030 compared to 2005 levels.
- Free emission allowances currently granted to EU industries will be gradually phased out as the Carbon Border Adjustment Mechanism is introduced.
- The scope of the carbon market is expanding to include maritime emissions, alongside plans for a separate trading system for buildings and road transport.
- A dedicated Social Climate Fund will be established to help vulnerable households transition to cleaner energy alternatives and mitigate rising fuel costs.
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#UKRAINE WAR CAUSING CLIMATE CHANGE AND DEATH TRILLION DOLLARS NO PROTESTS HYPOCRITES, CARBON FOOTPRINT IS A JOKE ELITES,MAKING MONEY
So-called 'renewables' are a huge lie wind farms, solar panels, heat pumps, battery storage, electric cars and hybrid cars create enormous amounts of pollution, are not recyclable, are highly expensive, and do not provide energy security; they must be ditched for the sake of future European generations and the environment. Only Nuclear Energy and e-fuels provide energy security and real net zero. E-fuels provide NetZero dispatchable energy. The de-industrialization of Europe must be reversed. Policy makers must be allowed to acknowledge their decades of mistake and reverse policies and technologies that are failing the Europe environment and economies.
What’s at stake? Whether Europe’s carbon market can be more than theory and actually cut emissions.
Like cutting your nose off to spite your face.
This Summer there have been thousands of excess deaths due to Heat Waves
Thermal insulation in homes is inadequate, and most people can not afford installing AC
In the last 50 years the World population has doubled (from 4 billion to 8 billion)
There is not enough energy, fresh water, housing, jobs… for all
We have polluted the oceans, the rivers, the air, and the land
Yeah…but Catch 22: EU ETS Permits are the largest single revenue source of the EU, with about Euro 110bn annual revenue. So that will be only a temporary loosening of the regulation. A sign of that was the launch of a new permit scheme for municipal waste, and next year for NC and Biodiversity permits. I therefore strongly doubt that Brussels likes to lose money either. Especially since the EU ETS permits fueled the EU Horizon funds and several other financing vehicles with a combined more than a trillion Euros in assets. Lowering the EU ETS permit price is meant to kick-start the economy after the Iran War fallout. In the long term, the price is expected to rise again above €120 and up to €150 per ton, as it was in 2023.
From 2022 to 2026, 350 million tons of CO2 were emitted by wars alone, for which Europe is partly responsible. Countries like Germany have started burning more coal because they do not want LNG from Russia. Europe's hypocrisy regarding global warming is appalling, and they are putting up a smokescreen because we are not allowed to see the fire.
In india a environmentalist and 241 nation and international award winner scientist mr sonam wagchuk do hunger strike with cockroach janta party from last 20 days for education reforms and regionation for education minister mr dharmender pradhan doctors education entrace exam paper leak and suicide of 20 students due to paper lear but india prime minister MODI goverment forcefuly detain him like animal from strike site they beat them brutely. Please cover it
Carbon market scam