The European Parliament adopted updated EU regulations on the allocation of efforts to reduce the maximum allowable level of greenhouse gas emissions in member states at a plenary session in Strasbourg on Tuesday.
The bill was approved by 486 votes, with 132 against and 10 abstentions.
The said novelty establishes mandatory annual greenhouse gas emission reductions for motor vehicles, building heating, agriculture, small industrial plants and waste management for each EU member state.
“The revised law increases the 2030 greenhouse gas emission reduction target at the EU level from 30 percent to 40 percent from 2005 levels. For the first time, all EU countries must now reduce greenhouse gas emissions with targets ranging from 10% to 50%,” according to the European Parliament’s communiqué on the vote.
The document explains that the 2030 targets for each member state are based on GDP per capita and economic efficiency indicators. EU countries will have to ensure that they do not exceed their annual quotas on greenhouse gas emissions every year.
In addition, the updated regulation includes “limits on the ability to trade, borrow and save emissions.”
“There are limits on how much emissions member states can save in previous years, borrow from future years, and how much they can trade allowances with other member states,” the European Parliament explained.
The text of the new law must now be formally approved by the EU Council, after which it will be published in the Official Journal of the European Union and enter into force in 20 days.
