Weakening Europe's Carbon Market: A Step Backwards on Climate Action The European Commission's proposal to overhaul its flagship carbon market has sent shockwaves through the environmental community.
Critics warn that giving companies a less demanding and cheaper pathway to reduce greenhouse gas emissions risks undermining one of the EU's most effective tools in the fight against climate change.
Since its introduction in 2005, the European Union Emissions Trading System (ETS) has reduced planet heating emissions by 47%.