EU lawmakers back rules to share out emissions cuts, hike airlines' CO2 costs

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EU lawmakers back rules to share out emissions cuts, hike airlines' CO2 costs
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Lawmakers in the European Parliament's environment committee voted on a raft of climate change policies on Tuesday, including tougher rules to ensure each country cuts greenhouse gas emissions.

The EU is overhauling its climate policies as it seeks to cut net emissions 55% by 2030 from 1990 levels, with a dozen laws to do this now passing through its lawmaking process.

Countries that overachieve on their targets can "sell" part of their extra CO2 cuts - equivalent to 5% of their annual emissions limit - to another country each year until 2030, the lawmakers said. The European Commission, which drafts EU laws, had suggested allowing 10% from 2026-30.

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