commission plans: And rarely, except in wartime, have market economies been subjected to the sort of rigid central planning that the Commission now proposes, according to The Japan Times. The program envisages three different carbon dioxide emissions-trading systems. On July 14, the European Commission presented a comprehensive package of measures aimed at achieving massive reductions in EU firms' and households' CO2 emissions in the short term in order to meet the 55% target by 2030 and make the bloc carbon neutral by 2050. ; Never before has the world seen a comparable effort to protect the environment. The Commission plans to expand the existing scheme, which already applies to the energy and chemical sectors and parts of basic industry, to shipping. Moreover, emissions certificates will no longer be allocated free of charge. The EU will also create a new, separate trading system for buildings and road transport.
(news.financializer.com). As
reported in the news.
Tagged under commission plans, bloc carbon topics.