Politics

EU Vows to Shield Households From CO2 Market-Linked Price Hike

EU climate chief pledges social measures under Green Deal
Europe weighs extending carbon trading to transport, heating

Residents gather on balconies of residential homes to perform an applause in recognition of national health workers in the Lavapies neighborhood of Madrid, Spain, on Monday, April 13, 2020. Italy, Spain and France reported a slowdown in new coronavirus cases, allowing governments in Europe to look for ways to safely ease lockdowns that are strangling the region’s economy.Photographer: Paul Hanna/Bloomberg

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By Ewa Krukowska

June 9, 2021 at 2:43 PM UTC

This article is for subscribers only.

The European Union’s climate chief pledged measures to protect the most vulnerable households during the transition to a cleaner economy, seeking to allay concerns about a potential expansion of the bloc’s carbon market into transport and heating.

The European Commission, the EU’s regulatory arm, is considering a proposal to apply emissions trading to those two sectors as part of a broader package to meet stricter climate targets for 2030. Member states, businesses and consumer associations have voiced concerns that such a move would raise fuel prices.