EU proposes slowing down cuts to carbon emissions for businesses
The European Union unveiled proposals to slow greenhouse gas emission cuts for businesses, extending some industries' access to emission allowances until 2038 instead of 2034. The reforms would lower the annual emissions cap reduction rate to 3.7% from 2031, easing pressure on companies investing in decarbonisation. The changes require approval from EU member states and lawmakers within.
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Published 17 Jul 2026, 17:52 UTC · Updated 17 Jul 2026, 18:10 UTC
Summary by OZbrief Editorial. Original report: BBC News – World. Editorial policy · Corrections
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