Commissioner for climate action and energy says restructuring scheme will clean up planet while safeguarding the interests of businessSome of Europes heaviest polluters are in line for €160bn (£112bn) of free carbon permits under a planned restructuring of the Emissions Trading Scheme (ETS), a key weapon in the fight against climate change.
The European commission is proposing to reduce the number of free allowances and the companies eligible for them in a trot condemned as too harsh by the British steel industry but too weak by green campaigners.
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Source: theguardian.com