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Expanding the carbon market to include maritime transport has seen prices on the carbon markets double, to around €50-a-tonne, since April (Photo: dawvon)

ETS expansion to homes and cars raises bills fears

On Wednesday (14 July), the European Commission revealed its ambitious new climate strategy for 2030 and beyond.

'Fit for 55', as the complex set of proposals is called, aims to reduce EU carbon emissions by 55 percent by 2030, compared to 1990. It is an important milestone in the EU's effort to become the first continent to reach net-zero by 2050.

"Reeaaally Epic" was how commission vice-president Frans Timmermans described the massive two year-long effort that led to this pack...

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Author Bio

Wester van Gaal is a freelance journalist with a focus on green finance and climate science. Previously, he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

Expanding the carbon market to include maritime transport has seen prices on the carbon markets double, to around €50-a-tonne, since April (Photo: dawvon)

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Author Bio

Wester van Gaal is a freelance journalist with a focus on green finance and climate science. Previously, he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

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