A further step was taken on Wednesday 22 November towards adopting the European directive to make the EU emissions trading scheme (ETS) more effective. The ETS is the main market instrument available to the EU for reducing its greenhouse gas emissions at the lowest cost and achieve its Paris Agreement target (a 40% reduction by 2030 compared with 1990) while maintaining the competitiveness of European industry.
On Wednesday 22 November, the 28-member state ambassadors to the EU (of the...