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Published 1 year ago

EU carbon price passes symbolic 100 euros as reforms bite

Summary by Ground News
The EU has laid down a path to become carbon neutral by 2050. In 2005 it established an emissions trading system, or ETS, where major emitters have to buy allowances for every ton of CO2 they release. The price, calculated per ton of carbon dioxide or equivalent greenhouse gas emissions, had long remained under 25 euros.

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