The European Parliament on Tuesday adopted most of the EU's ambitious climate plan. The reform includes the vast reform of its carbon market and the "carbon tax" at the borders to green its imports.
The extension of the carbon market to housing and transport for individuals has been the most controversial point, in the midst of inflation. A social climate fund is planned to mitigate the consequences of the reform for the poorest in the EU. The expected revenues from the new carbon market (ETS2) will feed the bulk of this fund.