“The agreement … will allow us to meet climate objectives within the main sectors of the economy, while making sure the most vulnerable citizens and micro-enterprises are effectively supported in the climate transition,” Czech environment minister Marian Jurecka said in a statement.As the Canadian national soccer teams head to their respective FIFA World Cups, Derek Van Diest is on the scene to cover all the action.
Negotiators were at odds over how quickly to end the free CO2 permits the EU gives industries to protect them from foreign competition. Those permits will be wound down as the EU phases in a carbon border tariff designed to prevent domestic firms from being undercut by overseas competitors.Article content
Negotiators also decided to rebase “the overall emissions ceiling over two years of 90 and 27 million allowances respectively, and increase the annual reduction rate of the cap by 4,3% per year from 2024 to 2027 and 4,4 from 2028 to 2030,” the statement added.
Sounds like another revenue plan, disguised as a climate plan.
This deal ain't going to be working out so good; SIT TIGHT!!!
Nothing in the article says how power plants are going to reduce emissions
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