New Economy
Friday, 7/17, 07:31 PM
Europe's Carbon Market Faces a Push to Weaken It
- The EU's carbon market, its single most effective tool for cutting emissions, is at the center of a fight.
- A new European Commission proposal would ease the pressure on heavy industry, and climate campaigners warn that softening the system would slow emissions cuts.
- Industry and some governments say the current rules are becoming too costly to bear.