Timmermans expects fast agreement on climate package

Despite the surprising rejection of the reform of the European Emissions Trading System (ETS) by the EU Parliament last week, the EU Commission expects to reach an agreement soon. “We have seen how incredibly complicated the overall ‘Fit for 55’ is. So it is not so surprising that accidents like a ‘no’ vote in the European Parliament happen,” Frans Timmermans, Vice President of the EU Commission, said yesterday in Vienna. “I am confident that there will be a compromise in the European Parliament.” He expects the major political groups to find a compromise this month, which can then be discussed in the Council.

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