EUs' rail sector applauds approval of the Emissions Trading System
EUs Parliament voted in favour of revising the EU Emissions Trading System
This means that the EU Emissions Trading System (ETS) will include emissions from all transport modes, while its revenues will be distributed as emissions allowances primarily to the greener sectors. In this sense, rail can benefit greatly.
“CER welcomes the utilisation of ETS revenues to boost green transport, including railways. Under the new rules, at least 10 per cent of the revenues generated from the auctioning of allowances will be put towards the development of public transport, in particular, climate-friendly passenger and freight rail transport,” emphasised the Community of European Railway and Infrastructure Companies.
“It is essential that revenues from ETS be fully utilised to boost climate mitigation. Railways today are in need of new physical and digital infrastructures. The completion of the TEN-T network is the perfect opportunity to make railways more competitive and transport greener and we hope that ETS revenues will contribute financially to such goals,” said CER’s executive director Alberto Mazzola.
To read the whole article, please click here EU Parliament votes for ETS revision with direct benefits for rail | RailFreight.com
Created Monday, June 27, 2022