Europe’s most effective tool to cut greenhouse gas emissions ‘risks being weakened’

Proposal would water down emissions trading system to make EU more competitive – despite extreme heatwaves Europe’s most effective method of cutting dangerous planet-heating gases risks being weakened after the European Commission proposed an overhaul of its flagship carbon market, critics have said. In a long-awaited review of the European Union Emissions Trading System (ETS), the European Commission proposed giving companies a less demanding and cheaper pathway to reduce greenhouse gas…