Cities and regions claim financial gains from EU’s Emission Trading System

EU’s Assembly of local and regional leaders has adopted a set of recommendations on the EU’s Emission Trading System after 2020, from progressively increasing auctioned allowances in all economic sectors including the construction sector and maritime, land and air transport to fostering a proper carbon pricing at international level. Local leaders also claim 20% of ETS financial gains to support their front role in combating global warming. The Paris agreement on climate officially recognises cities and regions as key players in mitigating and adapting to climate change. ….

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