Laws were also adopted against the import of products not produced according to EU environmental criteria.
One of the approved proposals targets large-scale industrial deforestation, not only in Europe but especially in the rainforests of Asia and South America. This applies not only to wood products but also to products produced on these cleared lands. So far, corn production for animal feed has been excluded from these measures.
"Forests are still being cut down and damaged at an alarming rate. That is why it is crucial to make all imports deforestation-free as soon as possible," said MEP Anja Hazekamp (PvdD). The law contains a provision allowing Europe to require more products to be 'deforestation-free' within two years.
"But more is needed to stop global deforestation. If the Mercosur trade deal being prepared with Latin America proceeds, it will swiftly undo the gains against deforestation that this law aims for," warns Hazekamp.
The European Parliament also approved the CBAM proposal from Dutch MEP Mohamed Chahim (PvdA). It should not be called an 'import tax' on environmentally unfriendly products but a price adjustment at the border. This prevents EU producers from being undercut by cheaper imports. The CBAM will be introduced between 2026 and 2034.
Additionally, a Social Climate Fund will be created to combat energy poverty and mobility poverty. Vulnerable families, small entrepreneurs, and road users who suffer heavily can benefit from this. The subsidy fund will be financed by an extra levy on the sale of emission allowances, up to an amount of 65 billion euros.
CDA MEP Esther de Lange is pleased with the Social Climate Fund but also foresees problems. 'To address this, Member States and the EU must cooperate. EU budget expenditures must be far more focused on real priorities, such as a fair climate transition for everyone.'
Her PvdA colleague Mohammed Chahim is satisfied with the adjustments to the ETS. He warns: 'Companies that do not make progress and have no intention to reduce carbon emissions have no future in the EU.'