EU carbon market's free handouts are impeding climate action, auditors say

BRUSSELS - The European Union should change the way it hands out free pollution permits in the bloc’s carbon market, which is failing to bring about deep cuts in emissions, EU auditors said.

Industry and airlines get some permits for free, to avoid “carbon leakage”, which occurs when businesses move out of Europe to avoid carbon costs. “Free allowances at least need to be reduced for certain sectors which are not heavily exposed to carbon leakage.”

Let me pollute your credits that you woudn't have polluted in the first place. No, tax the negative externality, don't incentivize spreading the pollution around or converting non-polluting credits to those who will pollute.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Facebook is challenging an order to block it sending EU data to the US - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. The US global Stasi surveillance state wants to monitor everything on the world wide grid. OpenLearning=ASX$OLL Half year results🚀🚀🚀 Look at the current chart's for OpenLearning=ASX$OLL you should see that the bulls roared bullish today for OLL. OpenLearning has broken out into a new higher trend and looks to be going 🚀🚀
مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »