Brussels unveils emergency change to EU carbon market to prevent soaring prices
George Mihalcea
BRUSSELS — The European Commission has proposed amending its cap-and-trade system to boost the supply of pollution permits and shield industry from soaring carbon costs, in the first of a string of changes to the EU’s most important climate policy. The EU’s Emissions Trading System, which requires companies to pay for their pollution by purchasing permits, has come under increasing pressure from heavy industry in recent months, who say it is adding extra expense on top of already sky-high
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