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The European Emissions Trading System (EU ETS 1) is adapted and expanded as part of the "Fit-for-55" legislative package. The emissions cap will be more strictly limited and the Carbon Border Adjustment System (CBAM) is introduced for certain products. Maritime transport will also be included in EU ETS 1. The heating and transport sectors will be covered by a separate European emissions trading scheme (EU ETS 2). In future the scope could be extendet and EU ETS 1 and EU ETS 2 could be linked.
Source: Gaj Rudolf/Fotolia