The EU Green Deal Just Hit a Wall

European Commision President Ursula von der Leyen speaks in the European Parliament, Strasbourg, France, June 8, 2022 (DPA photo via AP Images).
European Commision President Ursula von der Leyen speaks in the European Parliament, Strasbourg, France, June 8, 2022 (DPA photo via AP Images).
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Lawmakers in the European Parliament rejected three major pieces of climate legislation in a plenary vote held yesterday in Strasbourg, dealing a blow to the European Union’s efforts to meet a 2030 target to reduce carbon emissions by at least 55 percent. The proposals reforming the EU’s carbon market were killed by left-wing lawmakers not because they oppose a carbon border tax, but rather because they argue the legislation had been watered down by a number of industry-friendly amendments tacked on by conservative MEPs. The Carbon Border Adjustment Mechanism, a key component of the EU’s mammoth “Fit for 55” climate legislation […]

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