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EU Parliament approves emissions trading reform

Today the European Parliament has adopted the reform of a climate quota system which will eliminate the excess quotas preventing the system from functioning effectively, but some say the reform is not far-reaching enough.

Photo: /ritzau/AP/Martin Meissner/

BRUSSELS

It has proved a hard nut to crack since summer 2015, but today the EU Parliament reached approval regarding a reform of the EU's emissions trading system (ETS), which will apply from 2021 to 2030.

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