EU reaches deal on major carbon market reform

  • 📰 rtenews
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 99%

Ireland News News

European Union negotiators have reached agreement on overhauling the bloc's carbon market, the bloc's main policy tool for fighting global warming, the Czech EU presidency and the European Council said

"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.

Meeting that goal will require the EU carbon market to be reformed to cut emissions faster, which it does by requiring around 10,000 power plants and factories to buy CO2 permits when they pollute. After 30 hours of talks that started on Friday, negotiators agreed to raise the overall target to cut emissions in the sectors covered by the European Emissions Trading System to 62% by 2030, the European Council, grouping the bloc's member states, said in a statement.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

“Global warming”

Oh joy ! Do we get to put the noose up ourselves now before jumping into it ?

They have no idea how this will effect every day people. Madness.

The same EU that takes bribes?

They literally admitted it will have negative affects on this economy, more household supports for those already struggling. How did the Irish allow these people to gain power 😂😂😂 to many cases oh uuuh 🤤 I don’t read the news but I do vote.

climatelockdowns nobody voted for the WEF. Well on there way to taking over

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines