Lawmakers strike deal ahead of EU carbon market vote

  • 📰 ReutersScience
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Groups representing a majority of lawmakers in the European Parliament have struck a deal on climate change policies that they hope will pass a vote next week and avoid delays to Europe's green agenda.

The parliament dealt a blow to European Union climate policies last week, when it rejected an agreement on the bloc's carbon market amid disputes over how ambitious Europe's biggest emissions-cutting policy should be.

The lawmakers' compromise would see parliament support a 63% cut in emissions covered by the EU carbon market by 2030 - versus the 61% proposed by the European Commission, which drafts EU laws, and the 67% supported in an early parliament deal. EPP lawmaker Esther de Lange said it would deliver climate goals but reflected the "very difficult economic situation" facing industries that will face higher CO2 costs this decade - for example, by imposing two smaller "rebasing" cuts to the supply of carbon market permits, rather than one big cut upfront.

 

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

 /  🏆 559. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dozens of companies, small business groups back U.S. bill to rein in Big TechDozens of companies and business organizations are sending a letter to U.S. senators on Monday to urge them to support a bill aimed at reining in the biggest tech companies, such as Amazon.com and Alphabet's Google.
Source: Reuters - 🏆 2. / 97 Read more »