Europe carbon hits 14-year high on outlook for tighter pollution rules ...Qatar

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Europe carbon hits 14-year high on outlook for tighter pollution rules
Carbon allowances in the European Union rose to €31 ($37.57), matching the record from 2006 as policy makers plan to step up measures to cut greenhouse-gas emissions and meet increasingly ambitious climate targets. Carbon futures have risen steadily this year as policy makers flagged plans to bolster the world’s most extensive programme to slash fossil-fuel pollution. The EU’s Emissions Trading System creates financial incentives to push industries away from polluting, supporting the bloc’s goal of net zero emissions by 2050. The price of carbon is a vote of confidence from the market that the EU is serious about its aim to cut greenhouse gases significantly in the coming decades and a sign

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