EU car­bon emis­sions rise again

India Business Journal - - GLOBAL WRAP-UP -

Emis­sions reg­u­lated un­der Europe's car­bon mar­ket rose for the first time in seven years in 2017 due to stronger in­dus­trial out­put, ac­cord­ing to data pub­lished by the Euro­pean Com­mis­sion. Around 45 per cent of the Euro­pean Union's (EU) out­put of green­house gases is reg­u­lated by the Emis­sions Trad­ing Sys­tem (ETS), the bloc's flag­ship pol­icy to tackle global warm­ing by charg­ing for the right to emit car­bon diox­ide. The ETS is ex­pected to con­trib­ute around two-thirds of the re­duc­tions needed to meet the EU's tar­get of slashing emis­sions by 20 per cent from the 1990 lev­els.

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