Tuesday, May 30, 2023

EU shrugs off internal climate strife By Reuters


© Reuters. FILE PHOTO: European Commission First Vice-President Frans Timmermans addresses the European Parliament in Strasbourg, France, during a debate on the state of the rule of law and restrictions to press freedom in Poland, January 19, 2016. REUTERS/Vincent

By Kate Abnett

BRUSSELS (Reuters) – European Commission climate policy chief Frans Timmermans on Thursday shrugged off reports of deep divisions in the EU’s executive branch over its huge climate policy package.

The Commission on Wednesday proposed 13 legislative proposals, its biggest climate package yet, to cut planet-warming emissions.

The measures include what amounts to a ban on fossil fuel car sales from 2035 and, most divisively of all, an expansion of the scope of the bloc’s carbon market, which places a charge on pollution.

Some EU countries and lawmakers have said the plan to impose carbon emissions costs on fuel suppliers in the transport and buildings sector would hurt the poorest EU citizens by raising their fuel bills.

Timmermans on Thursday brushed aside media reports opposition was also fierce within the Commission, the EU’s executive, during its hours-long final discussions on Wednesday before the official announcement of the proposals.

“Sometimes it gets hot in the kitchen. But it’s the meal that you serve up that citizens are interested in at the end of the day, not how you cooked it,” Timmermans told a news conference on Thursday.

The European Commission comprises 27 commissioners, one to represent each of the member states.

“There will still be a few days of animosity within that bubble. It’s always like that. I’ve never known anything else in all the years that I’ve been working in this institution,” Timmermans said.

Previous EU climate policy, especially involving the carbon market, has involved months or even years of haggling as countries that rely on coal and polluting industries have sought to protect their economies from added costs.

A Polish official, speaking on condition of anonymity, said Poland was unhappy with the new carbon market plan.

“We have very serious doubts about the legitimacy and effectiveness of setting up a separate new emissions trading system for road transport and buildings,” the official said.

All of the EU climate proposals must be approved by a majority of EU countries and European Parliament, which could take two years.

The discussions are likely to expose familiar fault lines between the EU’s richer states, and poorer central and eastern European countries worried about the social cost of the proposed climate reforms.

To try to cushion the impact, the Commission proposed that some revenues raised by the buildings and transport carbon market should form a fund to help low-income households – for example, by paying for insulation or other home renovations that would cut their fuel bills.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link


Please enter your comment!
Please enter your name here



Related Stories