Members of the European Parliament (EP) last week rejected proposals to include marine and road transport in the EU Emissions Trading Scheme (ETS). On the other hand, a proposal to expand its carbon market to all departing flights was approved.
During debate in the European Parliament, center-right MEPs argued that the ETS plans would be inflationary given the present trading conditions, especially the war in Ukraine and large increases in fuel costs. Nonetheless, social democrats and green MEPs believed that the revisions had significantly watered down the ETS and refused to support it.
