EU Strikes Deal To Expand Its Carbon Market ...Middle East

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EU Strikes Deal To Expand Its Carbon Market
source : OILPRICE ( Middle East ) () 18
The European Union on Sunday struck a deal to expand the reach of its carbon market to include virtually everyone in Europe and not just businesses, and to accelerate its emission-reduction efforts by reducing the availability of CO2 permits. "From 2027 on, it's crunch time. Everybody needs to reduce emissions by then or will have to pay a lot," said the lead negotiator for the European Parliament, Peter Liese, as quoted by Reuters. Liese added that he hoped this crunch would encourage more businesses to invest in green energy. Meanwhile, to stimulate…

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