"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. 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.
Basically, they introduced “carbon” tax on all EU citizens. What a great timing.. A new tax is exactly what European need right now.
Those that voted for that are traitors. Not sure if they are in China's or Russia's pocket, but they sure do not have the interests of EU citizens in mind.
European countries are dropping to 3rd World status and the 3rd World War looms. Meanwhile Brussels obsesses on carbon credits and gender equity
EU likes to hold the meeting and agreement, but this is empty agreement not practical. I am afraid that EU can't afford tofulfill the agreement, it is damn wasting time and money. It is high time for you to read Confucius analects to earn benevolence and moral sence.
Well one thing we all know for sure is that with the current administration, if the US has anything involved with that whatsoever, it will always get the short end of the stick, and of course be required to pay for everything! This gets old after a while!
Lol
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Source: Reuters - 🏆 2. / 97 Read more »