European Union unveils tough climate proposal, including new taxes on foreign firms
LA TimesEuropean Commission President Ursula von der Leyen, center, and other commission officials announce plans for new emissions rules at a news conference in Brussels on Wednesday. ”The principle is simple: emission of CO 2 must have a price, a price on CO 2 that incentivizes consumers, producers and innovators to choose the clean technologies, to go toward the clean and sustainable products,” European Commission President Ursula von der Leyen said. European Commission Executive Vice President Frans Timmermans said that by failing to act now, “we would fail our children and grandchildren, who in my view, if we don’t fix this, will be fighting wars over water and food.” Given the implications, the proposals are certain to be subject to intense lobbying from industry and environmental groups as they pass through the legislative process over at least the next year. But Martha Myers, a member of the climate justice team at Friends of the Earth Europe, said the decision to extend emissions trading to buildings “throws low-income people into high energy price waters while offering only a swimming float of support to relieve energy poverty.” Under Fit for 55, a drastic acceleration in sales of battery-powered cars also is likely as the EU aims for a 100% reduction in auto emissions.