Europe’s most effective tool to cut greenhouse gas emissions ‘risks being weakened’
The European Commission has proposed an overhaul of the EU Emissions Trading System (ETS) that may weaken carbon market regulations to improve industrial competitiveness. Critics argue this move undermines Europe's most effective climate tool, especially as the continent faces record-breaking heatwaves.
Why it matters
This policy shift reflects the ongoing tension between aggressive climate change mitigation goals and the economic pressures faced by heavy industries in Europe.
Western Europe endured hottest June ever, with temperatures scientists said would be ‘virtually impossible’ without climate breakdown./Getty Images Western Europe endured hottest June ever, with temperatures scientists said would be ‘virtually impossible’ without climate breakdown./Getty Images Climate crisis Europe’s most effective tool to cut greenhouse gas emissions ‘risks being weakened’ Proposal would water down emissions trading system to make EU more competitive – despite extreme heatwaves
Prefer the Guardian on Google Europe’s most effective method of cutting dangerous planet-heating gases risks being weakened after the European Commission proposed an overhaul of its flagship carbon market, critics have said.
In a long-awaited review of the European Union Emissions Trading System (ETS), the European Commission proposed giving companies a less demanding and cheaper pathway to reduce greenhouse gas emissions.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in