On Tuesday 18 April 2023, European Parliament approved the deals reached with EU countries in late 2022 on several key pieces of legislation that are part of the “Fit for 55 in 2030 package”. This is the EU’s plan to reduce greenhouse gas (GHG) emissions by at least 55% by 2030 compared to 1990 levels in line with the European Climate Law.
The reform of the Emissions Trading System (ETS) increases the ambition of the ETS as GHG emissions in the ETS sectors must be cut by 62% by 2030 compared to 2005-levels.
Parliament also voted to include, for the first time, GHG emissions from the maritime sector in the ETS and agreed to the revision of the ETS for aviation.
