European Union (EU) countries ratified an agreement on carbon market reform. According to this program, the main target is to reduce the carbon emissions released into the atmosphere by 2030 sharply (62%) compared to 2005, informs Reuters.
At the same time, unanimous ratification of the agreement was not possible due to the negative attitude of the Polish and Hungarian authorities on this issue. The article also states that Belgium and Bulgaria abstain from voting on this issue.
“Members of the European Union have approved an agreement to reform the carbon market, designed to meet EU emission reduction targets, with the goal of reducing emissions by 62% from 2005 levels by 2030. <....> 24 out of 27 EU countries voted in favor of reform. Poland and Hungary objected, while Belgium and Bulgaria abstained.
Under the approved reform, heavy industries will lose their current free carbon dioxide (COâ‚‚) permits by 2034. In doing so, airlines will lose their permits from 2026, exposing them to higher COâ‚‚ emissions costs. The note also concludes that emissions from ships will be added to the corresponding plan from 2024.
March 10 Pleistocene Park Director Nikita Zimov declarationthat it is sufficient to create pastures for millions of ungulate animals in the vast and almost lifeless expanses of Eastern Siberia to reduce the carbon dioxide content in the atmosphere. This measure will make Russia carbon neutral for the foreseeable future.
Source: Gazeta
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