MEPs vote down key part of EU climate plan

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STRASBOURG, June 8 — The European Parliament voted today to reject a reform of the EU carbon trading system, in a surprise setback to the bloc’s Green Deal climate plan.The EU has vowed to cut greenhouse emissions by 55 per cent by 2030, but Green and socialist MEPs judged the plan to expand carbon trading insufficiently ambitious.The plan to expand the EU Emissions Trading System (ETS) to include carbon from transport and construction is a keystone of Brussels’ entire climate package.It also legislated the abolition of exceptions to the carbon trading scheme for European industry in exchange for a carbon tax on imports at the EU’s borders.The text will now go back to the parliament’s environmental committee to be re-negotiated, in a severe blow to the European Commission’s key legislative project.There were fierce recriminations following the vote, with conservative and liber…