| Legislative work on the post-2020 overhaul of Europe’s carbon emissions market has been launched by a proposal in a draft report tabled in the European Parliament by MEP Ian Duncan. The law, which proposes to adjust the Emissions Trading System (ETS) to EU climate goals for 2030, needs majority backing in the parliament and weighted majority support from national governments to take effect.
As reported by Bloomberg, the EU wants to lead the global fight against climate change. Under a United Nations deal reached by more than 190 countries in December in Paris, the EU has submitted its 2030 goal to cut carbon by at least 40% percent from 1990 levels...............................................Full Article: Source
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