The Hindu·4 min read·medium
With climate ambitions in question, EU reforms carbon market
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AFP
✦AI Summary
The European Union is reforming its Emissions Trading System (ETS) to balance ambitious climate goals with the economic pressures of high energy costs. The policy shift reflects a move toward a more pro-business stance under the European Commission, granting companies more flexibility amid geopolitical instability.
The European Union on Friday (July 17, 2026) unveils reforms of its carbon market , after fierce wrangling between countries, industry and activists over the pace of the bloc's climate push.
environmentpoliticseconomy
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