In December, negotiators from the European Parliament, the Commission and EU member states reached agreement on the reformed Emissions Trading Scheme (ETS), the EU’s carbon market and flagship climate policy tool.
A key sticking point in the reformed ETS was a proposal to extend carbon pricing to heating and transport fuels, such as petrol, diesel, heating oil and gas, which will start applying as of 2027.
The new carbon tax is expected to add 10 eurocents to the price of petrol, but its impact will be softened by the introduction of a new social climate fund worth €87 billion.
The French Greens are expected to oppose the reformed ETS, and it is unclear whether their socialist counterparts in S&D, who in France are part of the left-wing alliance NUPES, will follow them or not.
[FULL STORY HERE]
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