Climate Plan for EU’s Transport Won’t Cut Carbon Far Enough
- EU executive is analyzing inclusion of transport in CO2 market
- Extending cap-and-trade would create challenges, study shows
Photographer: Sean Gallup/Getty Images
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A plan to include pollution from European transport and buildings in the world’s biggest carbon market won’t bring the emissions cuts needed to hit strict climate targets.
If oil companies were required to buy carbon allowances for the diesel and gasoline they sell to drivers the cost of filling up vehicles would also increase, according to a study by Cambridge Econometrics.