Europe’s most effective tool to cut greenhouse gas emissions ‘risks being weakened’

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The European Commission proposed changes to the EU Emissions Trading System that could weaken its effectiveness in reducing greenhouse gas emissions. Critics argue the proposal aims to make EU industries more competitive but at the cost of environmental goals amid ongoing extreme heatwaves.

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. Continue reading...