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It's Fit For 55 day in Brussels. College of commissioners is still holed up in Brussels making final adjustments to ~13 pieces of legislation that will impose sweeping costs on households and businesses for polluting. College meeting could drag on for another hour at least...
Most sensitive parts of today's package is how to limit what Brussels admits is a "regressive" system to impose carbon price on cars and heating of buildings. Germany is among the few countries firmly behind a new mini ETS for 🚘🏠. France, CEE, and south need to be convinced
Commission officials were also locked in talks yesterday evening on when to de facto ban sales of new petrol/diesel cars. France is leading charge for a gradual phase out ending in 2040. Commission will stick with its date of 2035 but with lower target of 55% CO2 cuts in 2030
