The European commission has said it wants a fund to prevent fuel poverty, amid warnings from an ally of France’s Emmanuel Macron that a proposed trading scheme to cut emissions from transport and buildings is “political suicide”. But the plan to create an emissions trading system (ETS) for transport and buildings has been denounced as “politically suicidal” and “a huge political mistake” by Pascal Canfin, the chair of the European parliament’s environment committee and a key Macron ally. “One tool that has proven its worth is the emissions trading system. In response to her critics, Von der Leyen said that without an emission trading system the EU would have to reach the same goals in another way. “Carbon has to have a price everywhere,” Von der Leyen said.

Source: The Guardian July 13, 2021 17:01 UTC