EU Emissions Reform Promises More Deindustrialization and Poverty
The European Parliament passed a reform of the European Emissions Trading System (EU ETS) market on April 18, which will increase the price of CO₂. The vote ratifies an agreement reached late last year among negotiators for the member states and the Parliament. “Under the reform, factories will lose the free CO₂ allowances they currently receive until 2034. Likewise, shipping […]
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