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EU announces major overhaul of Carbon market to tackle Climate Change

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EU countries have given the last green flag to the biggest revamp to date of Europe’s carbon market. This is set to sharpen the 27-member bloc’s tools for cutting down on emissions. EU members agreed to a deal to reform the carbon market to cut the emissions by 62% from 2005 levels by 2030 which is designed to deliver the EU’s emissions-cutting targets.

Credit WION

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