EU Lawmakers May Back Key Elements of Carbon Market Overhaul

The overhaul of the cap-and-trade carbon program, the EU’s flagship climate policy tool, is part of a massive package of laws to meet the bloc’s Green Deal target of zeroing-out greenhouse gases by the middle of the century. The ambitious shift has been questioned by some member states, including Poland, after Russia’s invasion of Ukraine aggravated the energy crunch that’s pushed power, gas and carbon prices to records.

Leave a Comment