EU — latest ecology news
Emissions trading has finally moved from a niche market to the mainstream
Funding will come from revenues generated by the EU Emissions Trading System (EU ETS)
Amid geopolitical and energy instability, striking a balance between maintaining competitiveness and meeting climate goals is becoming increasingly difficult for the EU
EU officials and industry leaders are actively seeking alternatives to Russian energy sources
It is estimated that average emissions will exceed their total annual emissions cap by approximately 60–100 million metric tons of CO₂ equivalent by 2030
The proposed system creates significant obstacles for global supply chains
China remains the undisputed leader in terms of the actual volume of pollution it produces
Domestic companies are already losing customers and contracts worth millions due to the EU's carbon border adjustment mechanism
The EU executive has not yet commented on this appeal
Public discussion of the government's proposals will continue until June 8
Europe is shifting from assessing the impact of individual harmful substances to monitoring based on the cumulative effect of the compounds present
Brussels aims to support both decarbonization and the competitiveness of European industry