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European Parliament backs reform of EU carbon market

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The European Parliament voted on Tuesday to approve sweeping reforms to the European Union's carbon market, which are expected to hike the cost of polluting in Europe in the coming years and cut CO2 emissions faster.

The reforms would cut the supply of carbon permits in the market faster than planned, phase out free permits for industries by 2034 and gradually bring the shipping sector into the carbon market,

starting in 2024.The reforms were agreed by negotiators from the European Parliament and EU countries last year. They still need final approval from EU countries, due in the next few weeks, to enter into force.

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The new growing swathe of extreme right wing governments will not comply. Once France falls it is over.

I bet this ends in another boom for carbon market scammers

Suicide in action. Is there a crisis hotline the EU can call to get some sanity?

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