Quote of the week, by S&D vice-president Mohammed Chahim:
“We have reached a crucial deal on ETS (Emission Trading Scheme) revision and the CBAM (Carbon Border Adjustment Mechanism) with all political groups in the Parliament, a deal that holds all the important elements for our Group: to make sure that the polluter pays at the end.
With the ETS reform, we will deliver for the climate and ensure a socially fair transition for the people. We can now go faster and bolder in reducing our gas emissions in line with the goals of the FitFor55 package.
CBAM will come into force starting 2027 and there will be a full phase-out of CBAM sectors in 2032. And we have extended the scope to chemicals, hydrogen and polymers. So, at the end of the day, it’s very important that we give clarity to our industry, as well as to all producers around the world – if you want to sell your products in the EU, you need to pay for your pollution.”
Next week the European Parliament will hold a mini-plenary session in Brussels, on 22 – 23 June. On the agenda – financial support for Ukraine following the Russian invasion, revision of the Emmissions Trading System (ETS) and the Social Climate Fund, EU enlargement, implementation of the UN Sustainable Development Goals, antimicrobials, and also the implementation of recovery plans. We will also discuss the issue of gas storage throughout the EU and the most reliable and cheapest way to buy gas from third countries. A discussion is also scheduled with representatives of the Council and Commission on the relations of the Russian government and diplomatic networks with parties of the European extreme right, in the context of the war.
On 22 June our Group is also holding an online event on Regulating the Digital in Labour: Platform Work and Algorithm. It will be streamed live on www.socialistsanddemocrats.eu and several of our members will take the floor including President Iratxe García, vice-Presidents Gaby Bischoff and Pedro Marques and our MEP Elisabetta Gualmini. Follow the event live from 16h30.
Committee work continues as well next week. On Monday 20 June, members in the committee on economic affairs will vote on the report on Croatia becoming the 20th member of the euro area.
On Monday and Tuesday, the members in the Parliament’s special committee on Covid-19 will debate with Commissioner for internal market Thierry Breton and Commissioner for values and transparency Vera Jourova on key topics like vaccine production in Europe and the impact of the pandemic on democracy and fundamental rights in the EU.
On Tuesday, 21 June, members in the Pegasus committee will hold a hearing with the owners of NSO Group. Hannes Heide and Eva Kailli will react on behalf of our Group.
Also on Tuesday afternoon, we are ready for the final trilogue of negotiations on the Corporate Sustainability Reporting Directive, where we hope to reach a deal on new EU laws requiring companies to be transparent about the social and environmental impact of their operations. Lara Wolters is representing our Group in the negotiations.
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