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More Carbon-Market Cuts Eyed as EU Parliament Starts Debate

2016-05-31 16:24:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: The European Parliament will consider enabling faster carbon reductions in Europes emissions market after an assessment in 2023, the strongest signal to date that a global climate deal may prompt tougher caps on companies. Ian Duncan, the European Union assemblys lead lawmaker on a reform of the worlds biggest cap-and-trade program, made the proposal in a draft report that kicks off legislative work on the post-2020 overhaul. The law, proposed to adjust the Emissions Trading System to EU climate...

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