EU strikes key deal on carbon trading to slash emissions by 2030
Smoke comes out a factory in Vasaa on December 6, 2022.Olivier Morin, AFP EU member states and parliamentarians on Sunday announced an agreement for a major reform to the bloc's carbon market, the central plank of its ambitions to reduce emissions and invest in climate-friendly technologies.The deal aims to accelerate emissions cuts, phase out free allowances to industries and targets fuel emissions from the building and road transport sectors, according to a European Parliament statement.