Europe’s most effective tool to cut greenhouse gas emissions ‘risks being weakened’
The European Commission proposed weakening the EU's Emissions Trading System, its most effective climate tool, by offering heavy industries cheaper pollution permits and slower emission reductions. The move aims to boost competitiveness amid pressure from ten member states citing high energy costs. Critics warn the changes undermine the carbon market's core strength, which reduced EU emissions by 47% since 2005.
How does this story land?
Summary by OZbrief Editorial · The Guardian Australia – Business · Source
Take it further — get the full app and never miss a moment of what's happening in Australia.
This publisher's site can't be shown here due to their security settings.
Open full article →No source link available for this article.
Published 17 Jul 2026, 16:01 UTC · Updated 17 Jul 2026, 16:20 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections
Trending
- NDIS fails individuals needing substantial support, raising concerns over its effectiveness
- Australia's highest-paid chief executives revealed
- NSW government approves first pumped hydro project since Snowy 2.0
- Queensland Tribunal rules police watch house conditions violate children's rights
- Watchdog directs judge to counselling after 'inappropriate' comments
- Lendlease fund sells Melbourne office tower for half 2022 purchase price