Proposal would water down emissions trading system to make EU more competitive – despite extreme heatwaves
Europe’s most effective method of cutting dangerous planet-heating gases risks being weakened after the European Commission proposed an overhaul of its flagship carbon market, critics have said.
In a long-awaited review of the European Union Emissions Trading System (ETS), the European Commission proposed giving companies a less demanding and cheaper pathway to reduce greenhouse gas emissions.
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This article was originally published by The Guardian and written by Jennifer Rankin in Brussels and Ajit Niranjan.
Read original article on The Guardian