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The European Commission welcomes the provisional agreement reached with the European Parliament and Council to strengthen the EU Emissions Trading System …
Today s Commission proposals on the certification of Carbon Dioxide Removal (CDR) amount to little more than an empty shell, leaving the door wide open to uncertain carbon credits in the land use sector being traded in future under the EU Emission Trading System.
The EU says it is upgrading its emissions reduction by 2030 to 57%, instead of the 55% that underpins its 'Fit for 55' policy package. This will require additional work and a greater understanding of the regulations.