European Union
:
When pollution has a price
Reading time: 5 mins
The rules for emissions trading are being tightened – and Europe is celebrating the agreement as a great success for the environment. But who has to pay for it in the end?
Of
Michael Bauchmüller, Caspar Busse and Björn Finke, Brussels/Berlin
It is the EU’s most important climate protection law, it contributes 25 times more to Europe’s climate goals than the controversial end to the combustion engine – and the consequences for industry and citizens are correspondingly far-reaching: At the weekend agreed European Parliament and Council of Ministers, the body of EU governments, on tightening emissions trading. The consequences at a glance:
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