The EU Green Deal Just Hit a Wall

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 […]