Adoption of a new climate stance
As you may have heard, on June 22nd, the European Parliament adopted a new climate stance.
The adopted agenda is as follows: starting from 2032, in addition to industrial sectors, professionals in maritime, air, and road transport will have to pay for each ton of emissions.
This position aims to reduce greenhouse gas emissions by 55% by 2030 and represents an important step towards phasing out expensive and polluting fossil fuels, particularly those supplied by Russia, well before 2030.
Here are 6 of the 13 measures in this package that directly impact the Transport sector:
- Overhaul of the carbon market and new carbon market for road transport, buildings, and maritime transport.
- Carbon border adjustment mechanism.
- End of free carbon allowances for aviation.
- Deployment of alternative fuel distribution infrastructure.
- Increase in the share of sustainable fuels for aviation.
- Incentives for the use of sustainable fuels in the maritime sector.
These texts still need to be examined by the 27 member states of the European Union, but if the position is adopted, a substantial impact can be expected on the industry and transport sector, particularly with a price increase that will depend greatly on the cost assigned to a ton of carbon, but also, and more importantly, on the investments the sector needs to make to decarbonize their supply chain.
The entire ThemaTrans team is at your disposal if you have any questions.