Pressure on UK as Germany backs EU ending free carbon…

pressure-on-uk-as-germany-backs-eu-ending-free-carbon…

Pressure on UK as Germany backs EU ending free carbon…

Pressure on UK as Germany backs EU ending free carbon permits for airlines
2021-06-07 11:46:00
The German government is backing an extension of EU carbon pricing that will end free carbon permits for airlines, putting pressure on the UK to put in place a similar package to meet climate targets. The European Commission will propose several climate policies on 14th July, to try to cut greenhouse gases faster in line with an EU goal to cut net emissions by 55% by 2030 from 1990 levels. The package will include reforms to the EU carbon market. Germany has backed the EC’s plan to impose CO2 prices on transport through a separate system to the EU’s existing ETS.  Germany said the reforms to the EU’s carbon market should prolong free carbon permits “to an appropriate extent”, but end them soon for aviation. The UK has created its own carbon pricing market since leaving the EU, but it mostly follows the existing EU model and focuses on heavy industries and energy providers.  The UK’s pledge to reduce CO2 emissions 78% by 2035 will dramatically force up the cost of fuel for transportation, including flying. Not all MPs are happy with that.  .Tweet     Pressure on UK as Germany backs ending free carbon permits for airlines Critics of carbon pricing say the overuse of free permits has allowed firms to use energy at little extra cost By Phillip Inman and agencies  @phillipinman Sun 6 Jun 2021 The German government is backing an extension of EU carbon pricing that will end free carbon permits for airlines, putting pressure on the UK to put in place a similar package to meet climate targets. The European Commission will propose a dozen climate policies on 14 July, each designed to slash greenhouse gases faster in line with an EU goal to cut net emissions by 55% by 2030 from 1990 levels. The package will include reforms to the EU carbon market and a border levy to impose CO2 costs on imported goods. All the policies will need approval from EU governments and the European parliament. Boris Johnson has pledged to give details of how the UK will meet climate targets ahead of the Cop26 conference in Glasgow this year. Ministers are concerned that the costs of transition arrangements to reduce emissions 78% by 2035 will dramatically force up the cost of fuel for transportation, including flying, potentially prompting protests and a backbench rebellion by Tory MPs. According to a document seen by Reuters, Germany backed the commission’s plan to impose CO2 prices on transport and heating in buildings through a separate system to the EU’s existing carbon market. “The long-term goal should be to have a uniform cross-sector carbon price in the EU,” the document said. The carbon market forc

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