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Environment & Energy Report

European Union to Consider Including Transport in Carbon Market

Oct. 17, 2019, 11:09 AM

EU to consider including transport in its carbon market as part of a range of measures to meet potentially tighter climate targets for 2030, according to Damien Meadows, climate policy adviser at the European Commission.

  • Including transport is an “existing possibility,” Meadows said at the Carbon Forward conference in London
  • EU could hand out fewer allowances to airlines
  • NOTE: Germany is considering a carbon market for transport fuels
  • New EU plan is needed to reach an emissions reduction target of as much as 55% on 1990 levels by 2030; plan could be ready by late 2020 or early 2021...
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