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Stricter EU climate laws: Households will soon pay for CO2 emissions

From 2027, households will also have to pay for their CO2 emissions from traffic and heating buildings, the European Parliament agreed in its 'Fit for 55' package of environmental measures.

Not only companies but also households will soon have to pay for their emissions, according to the measures in the so-called 'Fit for 55' package of European Commissioner Frans Timmermans.

The most innovative measure – though also politically controversial –  is the creation of a parallel market for emissions from transport and heating of buildings. This will also see increasing cost prices passed on to consumers at the pump and in household heating bills.

But in a bid to avoid putting unfair pressure on individuals, MEPs and Member States agreed that the system will only come into effect in 2027 and can be postponed for another year if energy prices are high.

A social climate fund of €86 billion will also sweeten the pill: from 2026 the funds, of which approximately €1.6 billion will flow to Belgium, can be spent partly on income support to help households with the burden – for instance via energy checks.

European Commission President Ursula von der Leyen called on Member States to take the "final steps" of this "milestone," adding that "together, we will make Europe the first climate-neutral continent."

https://www.brusselstimes.com/eu-affairs/462356/stricter-eu-climate-laws-households-will-soon-pay-for-co2-emissions

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