Discover and read the best of Twitter Threads about #ClimateTargetPlan

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Thread: Following today's #FitFor55 package, here's my initial analysis of the #EUETS revision proposal. Long story short: It becomes more difficult to pollute, but sustainable frontrunners are still disadvantaged compared to laggards.
#EUETS target: Increased to -61% by 2030 compared to 2005, which covers industry + power + intra EU aviation and maritime. This is taken from last year's 2030 #ClimateTargetPlan (see pic), which implies that the target for stationary installations (industry/power) is only -64%
Big plus: #EUETS Linear Reduction Factor almost doubled to 4.2% as of 2024 + one-off reduction ("rebasing") of 119 mln allowances. Leads to a big 15%-POINT cut in free allowances (FA). This LRF was a huge battle in the previous reform, so hope it stays.
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