#EPlenary adopts deals with @EUCouncil on
• Regulation on the land use, land use change and forestry sector (LULUCF)⬆️479⬇️970⃣43
• Effort Sharing Regulation ⬆️486⬇️132 0⃣10
• Market Stability Reserve ⬆️504⬇️118 0⃣11
Links to press releases below⤵️
🐦🔗: https://n.respublicae.eu/EP_Environment/status/1635603636641480705
LULUCF
New law raises the EU carbon sinks target for the land use and forestry sector, which should reduce greenhouse gases in the EU in 2030 by up to 57% compared to 1990.
Press release with quote by @VilleNiinisto
https://www.europarl.europa.eu/news/en/press-room/20230310IPR77223
🐦🔗: https://n.respublicae.eu/EP_Environment/status/1635603638901981184
Effort sharing regulation
The new Effort Sharing Regulation reduces the allowed maximum level of greenhouse gas emissions in member states from transport, buildings and agriculture until 2030.
Press release with quote by @jessicapolfjard
https://www.europarl.europa.eu/news/en/press-room/20230310IPR77227
🐦🔗: https://n.respublicae.eu/EP_Environment/status/1635603641116524545
Market Stability Reserve #EUETS
The market stability reserve of the EU Emissions Trading System is extended to 2030 to protect against falling CO2 prices due to external shocks such as those caused by COVID-19.
Press release with quote by @engerer
https://www.europarl.europa.eu/news/en/press-room/20230310IPR77241
🐦🔗: https://n.respublicae.eu/EP_Environment/status/1635603643280896000