ETS revision and the good news for rail explained in 6 steps
Following negotiations on 28 June, European Union Environment Ministers have agreed on a general approach for the reform of the EU Emissions Trading System (ETS). Now that both the Council and the European Parliament have their positions in place, negotiations can commence on a final agreement to deliver the goals of the Fit for 55 legislative package. This is good news for the rail industry.
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Simply, when upgraded to and safely allowing for the allowed load and traffic, then capacity and utilisation of existing is added, thus a win win and an investment, worth Name is performed, favouring all EU members.
However, in favour of a minority “earmarked” extras, imposed upon majority – and just spent – neither is Fair Trade, nor at words and spirit of EU membership.
For favouring majority, a timely, a New Old Railway is needed, accordingly duly now to be awarded a timely infrastructure!