BRUSSELS: EU member states approved on Tuesday five new laws that “will enable the EU to cut greenhouse gas emissions within the main sectors of the economy,” including maritime transport and aviation industry, the Council of the EU announced, reported Anadolu.The legislation is part of the EU’s main climate action package called “Fit for 55” which aims to reduce the bloc’s greenhouse gas emissions by at least 55 per cent by 2030 compared to the 1990 levels.The law redesigns the Emission Trading System (ETS), the EU’s carbon market which is based on the principle of “the polluter pays” but grants “cap-and-trade” emissions allowances for energy-intensive industries, the power generation, and
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