Parliament backs EU carbon market overhaul, world’s first CO₂ tariff

Europe’s carbon market forces power plants and factories to buy CO2 permits when they pollute. It has slashed those sectors’ emissions by 43% since 2005 but is facing a revamp to hit more ambitious EU climate change targets

Parliament voted to approve, with a large majority, a deal agreed last year by negotiators from EU countries and Parliament…

Full text: https://www.euractiv.com/section/emissions-trading-scheme/news/parliament-backs-eu-carbon-market-overhaul-worlds-first-co2-tariff/

Author

Frédéric Simon

Source

Euractiv, 2023-04-18.

Supplier

European Commission
European Parliament
European Union

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