The EU’s sweeping proposals to curb greenhouse emissions are likely to upend the continent’s oil demand over the years and decades to come. Here’s a run through the plans — and key timings — for aviation, shipping and makers of road-fuel. It’s important to remember that the proposals come from the European Commission and still require endorsement from both EU member states — like France and Germany — and the European Parliament to become laws. The whole process usually takes about two years, sometimes longer. Aviation The EU is planning to toughen greenhouse-gas emission rules for airlines. While flights within the bloc have already been included in its carbon market since 2012, the European Commission has now proposed phasing out free permits that carriers currently receive to cover their pollution. The number of such allowances will be gradually reduced to zero by the end of 2026, according to a […]