EU Parliament Support The EU To Reduce Carbon Market Emissions By 62% From 2005 Levels By 2030

The European Parliament approved the reform of the EU carbon market. The European Parliament has voted for an EU carbon border tax, imposing a CO2 cost on imported steel, cement, aluminium, fertilizer, electricity and hydrogen. The Parliament supports the EU to reduce carbon market emissions by 62% from 2005 levels by 2030. In addition, it also supports the end of free quotas for industrial carbon dioxide emissions by 2034.