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

The European Commission has proposed overhauling the EU Emissions Trading System, Europe's central climate policy tool. Per The Guardian, the proposal would make it cheaper and less demanding for companies to comply with emissions requirements. Critics warn this risks weakening Europe's most effective greenhouse gas reduction policy. The overhaul is motivated by EU competitiveness concerns, and arrives as the continent faces extreme heatwaves.

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