The EU Parliament has approved several important climate protection laws with a large majority. Today in Strasbourg, MEPs voted, among other things, for a tightening of emissions trading. It is considered the most important instrument of the European climate protection program.
For example, companies have to buy pollution certificates if they emit carbon dioxide (CO2). This should create an incentive to produce less CO2. Now the number of pollution rights is to be reduced faster than previously planned. In addition, free certificates for companies are to be phased out gradually by 2034.
At the same time, stronger protective mechanisms for European companies should also take effect. In the future, producers abroad will also have to pay for CO2 emissions if they want to sell their goods in the EU – through a CO2 border adjustment that is to apply in full from 2034.
