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EU Climate Plan May Keep Main Goals in Passage of Parliament

  • Key EU lawmaker Canfin comments on carbon and energy reforms
  • EU Parliament may start votes on climate package in February
Photographer: Bartek Sadowski/Bloomberg
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The European Union’s proposals to strengthen its carbon market and promote a green transition in everything from cars to heavy industry will likely avoid drastic changes in Parliament, according to key lawmaker Pascal Canfin.

The political debate on EU climate and energy reforms -- aimed at aligning the economy with a tighter emissions-reduction target for 2030 -- is closely watched by investors. The European Parliament, which has the right to propose amendments to the package of draft laws put forward in July, may hold its first votes early next year, said Canfin, who chairs the environment committee.