A warning bell has been ringing: global warming needs to be limited to 1.5°C as soon as possible. Any additional warming, even by half a degree more, will further increase the threats of drought, floods, excessive heat and poverty for hundreds of millions of people in Europe and worldwide. As you know, already several European regions are facing more and more extreme weather disasters, which are occurring with increasing frequency and intensity. Events such as the ones that took place in countries such as Italy, Portugal, and Greece are only examples of the urgent need to address this issue in order to prevent any further negative impact on the lives of European citizens. This is an unprecedented wake-up call that the EU Member States can no longer afford to ignore.
The CO2 emissions resulting from the use and the consumption of fossil fuels are still playing a significant role in global warming. Europe can and must do something to contribute to reverse this trend by adopting concrete measures leading to rapid and effective shifts in sectors such as energy, industry, and infrastructure.
Therefore, I call on the European Commission and the European Parliament to introduce an EU legislation that could strengthen and complement the current rules on climate and energy, with the aim of discouraging the use of fossil fuels in all sectors and stimulate the use of renewable sources and energy saving.
In particular, I urge you to:
- Introduce a minimum price on CO2 emissions that can range from €40 per tonne of CO2 produced by 2020 up to €100 by 2030.
- Abolish the current system of free allowances for polluters.
- Introduce a border adjustment mechanism for third countries imports to compensate for the lower price on CO2 emissions in the exporting country.