The European Parliament and Member States have reached an agreement on the reform of the CO2 market and to reduce the impact of greenhouse gases
The agreement achieves the goal of reducing CO2 emissions by 55% by the end of the decade. A new Emissions Trading System (ETS) and a Social Climate Fund (SCF). Power generators and heavy polluters covered by the ETS will have to reduce their pollution by 62% by the end of the decade, 1% more than initially proposed by the European Commission. Waste will be covered by the scheme from 2028, with potential derogations until 2030. [EU reaches deal on critical climate policy after marathon talks – Politico]
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