The European Parliament approved major reforms to strengthen and accelerate the EU’s climate goals. This includes a plan to charge polluters on Europe’s carbon market for all of their emissions and adds shipping emissions to the market. The change is expected to cut emissions by 62% from 2005 levels by 2030. The EU would also start levying high-carbon imports. This is European Parliament President Roberta Metsola.

Roberta Metsola: “These laws will put a price on the carbon we produce, and it means that the most polluting industries will have to increase their emission reduction targets. It will also put a price for non-EU producers, providing a level playing field so that we will not leave our industry at a disadvantage vis-à-vis their external competitors.”