E.U. extends carbon market to shipping and road transportation industries
Polluters will have to pay for all greenhouse gases they pollute — CO2, methane and nitrous oxide — when sailing within the EU and 50% of voyages outside of the bloc.
Polluters will have to pay for all greenhouse gases they pollute — CO2, methane and nitrous oxide — when sailing within the EU and 50% of voyages outside of the bloc.
In concert with increased taxes for gas and diesel, consumers will have a much stronger incentive to move toward EVs.
Using existing European laws as precedent, the E.U. has released a plan that seeks to eliminate about 12,000 toxic substances.
The EU wants to introduce CO2 emissions costs on imports of steel, cement, fertilizers, aluminum and electricity, from 2026.
The EU will target programs and policies to accelerate the installation of clean, efficient heat pumps to the tune of 10 million new heat pump installations in the next five years.
By May 2023, haulers operating zero-emissions trucks — battery electric or hydrogen — must be given discounts of at least 50% on distance-based road tolls.
The 500 million acres of forests may be the last significant land-based tropical carbon sink in the world, making the forests vitally important in the global fight against climate change.
The vote was nearly unanimous – 667 to 4. The motion aims to prioritize the shift towards scientific methods that do not involve animals, including for research, regulatory testing, and education.
Critics of industrial farming practices hailed the “landmark victory,” with 558 members of European Parliament (MEPs) voting in favor of the ban, just 37 opposing, and 85 abstaining from the vote.
Under the new law, an agreement between member states and the European Parliament, the bloc will cut carbon emissions by at least 55 percent by 2030, compared to 1990 levels, and achieve carbon neutrality by 2050.