STRASBOURG, France: The European Parliament will hold its final vote on Tuesday (Apr 18) on whether to approve sweeping reforms to make EU climate change policies more ambitious, including an upgrade of the bloc's carbon market. Europe's carbon market forces power plants and factories to buy CO2 permits wh
STRASBOURG, France: The European Parliament will hold its final vote on Tuesday on whether to approve sweeping reforms to make EU climate change policies more ambitious, including an upgrade of the bloc's carbon market.
Under the upgrade, factories will gradually lose the free CO2 permits they currently receive by 2034. The measures will also force ships to start paying for their emissions from 2024. That approval is usually a formality that waves through pre-agreed deals with no changes - but the process has been called into question after Germany lodged last-minute opposition to another policy to phase out fossil fuel-powered cars.
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