Climate, European Parliament splits on Ets reform

Black smoke in the European Parliament in Strasbourg the proposed reform of the Ets, Emissions Trading System), a system for trading greenhouse gas emissions quotas (or climate-altering gases. This is one of the key texts of the Fit for 55 package,, ‘set of laws and regulations with which the EU wants to get on track to cut emissions by 55% by the end of this decade. The text presented by rapporteur Peter Liese, of the EPP, was rejected with 265 votes in favor, 340 against and 34 abstentions. Now the reform will return to the Environment Committee. Given the rejection of the ETS reform in the Chamber, the majority decided to postpone another two votes scheduled for today on the Fit for 55 package, the one on the social climate fund and also the final vote on the Carbon Border Adjustment Mechanism, the “climate duty.” Both have been postponed pending an agreement on the ETS reform.