A European Citizens Initiative (ECI) – the StopGlobalWarming ECI – has been launched which calls on the European Commission to bring forward legislative proposals to discourage the use of fossil fuels and encourage energy saving and use of renewables.
The proposal introduces a minimum price on C02 emissions, starting from 50€ per CO2 tonne from 2020 up to 100€ by 2025.
At the same time, the proposal shall abolish the existing system of free allowances to EU polluters and introduce a border adjustment mechanism on non-EU imports, in such a way as to compensate for the lower pricing on CO2 emissions in the exporting country.
The higher revenue deriving from carbon pricing shall be allocated to European policies that support energy saving and the use of renewable sources, and to the reduction of taxation on lower incomes.
The ECI is supported by a wide network of personalities and organisations from politics, culture and the arts, as well as from the scientific community, including many Nobel Prize Winners and the world of public administration.
New Europeans is pleased to endorse this initiative and encourage all our members and friends to sign the StopGlobalWarming ECI. We will keep you updated over the coming weeks as the campaign builds momentum across Europe.