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April 19, 2023

EU Seeks to Ramp Up Response to Climate Crisis by Increasing Cost of Carbon Emissions
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The European Parliament approved major reforms to strengthen and
accelerate the EU's climate goals. This includes a plan to charge
polluters on Europe's carbon market for all of their emissions and adds
shipping emissions to the market. The change is expected to cut
emissions by 62% from 2005 levels by 2030. The EU would also start
levying high-carbon imports. This is European Parliament President
Roberta Metsola.

Roberta Metsola: "These laws will put a price on the carbon we produce,
and it means that the most polluting industries will have to increase
their emission reduction targets. It will also put a price for non-EU
producers, providing a level playing field so that we will not leave our
industry at a disadvantage vis-à-vis their external competitors."



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