Sankey Fit for 55-rev-P4-GW-

1. Both laws concern aviation in the EU ETS and implementation of the international CORSIA system. The second law ensured that Member States notified airlines of CORSIA obligations for 2021.
2. The amount of carbon border adjustment depends on the phasing-out of free allowances in the EU ETS.
3. Financing of the Social Climate Fund comes from revenues from the new ETS for transport and buildings.
4. Allocation of free ETS allowances depends on operators’ compliance with the requirements of the EED.
5. The existing Regulation on monitoring, reporting and verification of maritime transport emissions (the Shipping MRV Regulation) was amended to align with the extension of the ETS to maritime transport.