A proposal that will be presented next week by the European Commission includes a phasing out of emission rights for airlines, a source familiar with the matter told Bloomberg News.
The world’s largest coal market airlines will have to pay for all the pollution from their planes as the European Union tightens its climate policies under the Green Deal.
A European Commission proposal includes a phasing out of emission allowances for carriers, and will be part of the measures to be announced on July 14, according to a person who has knowledge of the matter. The package will also introduce stricter requirements for companies in the transportation sector to use cleaner fuel.
The EU aims to make its Green Deal and ambitious environmental review a new growth strategy as its economy recovers from the pandemic. The planned clean drive also includes the strengthening and expansion of the blockchain carbon market, the creation of a new emissions trading program for buildings and road transport, and the setting of new emission standards for buildings. cars.
The Commission wants to force fuel suppliers to mix an ever-increasing level of sustainable aviation fuel into existing jet fuel sold at EU airports, said the person, who asked not to be identified as to why discussions on the bill are private. In addition, the EU executive plans to encourage the assimilation of low-carbon synthetic fuels into the so-called Fit for 55 package.
Cleaner fuels will also receive preferential treatment in the new EU energy taxation framework.
The legislative push is aimed at aligning the European economy with a new goal of reducing greenhouse gases by at least 55% by 2030 from 1990 levels. The previous goal was a 40% reduction.
That package will also include proposals to increase the share of renewable energy, increase energy efficiency and tighten national emission reduction targets. The Commission aims to make the transition in a “fair, cost-efficient and competitive way”, it said in the draft document which will be sent to national governments and the European Parliament next week.
A Climate Action Social Facility Fund will be launched to help the most vulnerable families offset the costs of the transition. To help allay the concerns of the poorest member states, the EU also wants to support the Carbon Market Modernization Fund. which supports lower-income countries and to redistribute one-tenth of carbon deductibles for the auction.