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EU lawmakers support phase-out of industry's free CO2 permits by 2032

European Parliament lawmakers voted in favour of phasing out the free CO2 permits industries receive from the EU carbon market by 2032, in a bid to cut planet-warming emissions faster.

Parliament approved a compromise to complete the phaseout in 2032.

The law is not yet final. Wednesday's vote confirms the Parliament's position for upcoming negotiations with EU countries on the final law.

Credit: Reuters

 

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