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EU Emissions Rules Under Fire | Global News
Description
The EU is tweaking its carbon trading system to give businesses more time to cut emissions—some industries could hit targets by 2038 if they invest in clean tech. Instead of tightening the cap fast, the plan slows down permit reductions starting in 2031 and again in 2036, and extends free permits until 2038. This shift aims to ease energy costs and boost competitiveness, but critics warn it risks delaying climate progress and harming future generations. The proposal still needs approval from member states and lawmakers, a process that could take a year.
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