The EU Council adopts a law on reducing sales of certificates for carbon dioxide emissions

The Council of the European Union has adopted several laws within the framework of the climate program "Fit for 55 in 2030", providing for a significant reduction in greenhouse gas emissions by 2030.
In particular, the European Union adopted a law on reducing sales of CO2 emission certificates for products imported into the EU, kommersant.ru reports.
According to the reforms approved by the EU Council, emissions should be reduced by 62% by 2030 compared to 2005. The reforms also provide for the gradual (in 2026-2034) abolition of free emission quotas for local companies: by 2026 their number should be reduced by 2.5%, and by 2034 they are planned to be abandoned altogether.
To achieve this goal, the EU countries will simultaneously reduce emission quotas: by 90 million tons of CO2 equivalent by 2024 and by another 27 million tons by 2026.
It is assumed that the annual reduction of quotas in 2024-2027 should be 4.3%, in 2028-2030 - 4.4% (in the rules used so far, the goal was more modest - a reduction of quotas by 2.2% per year).

Alex Shishlo for Rough&Polished