Ch.6 Green Transition Concept

Question

What is the EU ETS, and what is its 2030 target for covered sectors?

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Answer

A cap-and-trade carbon market; emissions in ETS sectors must fall 62% by 2030 vs 2005. A second system (ETS2) will cover buildings and road transport.

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The world's first major carbon market; the cap shrinks each year.

EU climate & energy (climate.ec.europa.eu; energy.ec.europa.eu) & EUR-Lex

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