Europe's ETS sets tougher target
27 Apr 2023
EU countries have given the green light to the biggest overhaul to date of the bloc’s carbon market, raising costs for polluting industries and increasing its emissions reduction target from 43% to 62% by 2030.
With 24 votes to two and two abstentions, EU countries on Tuesday approved key pieces of legislation that will help the bloc deliver on its 2030 climate targets, including the biggest revamp of Europe’s carbon market and new taxes on imports of high-carbon goods.
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Tax on AI and crypto could fund climate action, says former Paris accords envoy
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