EU & Brazil Push Carbon Pricing for Climate Action

On November tenth, the European Union and Brazil urged nations to adopt carbon pricing for climate action, aiming to create a global fund for clean technologies and help meet Paris Agreement goals. The EUs successful emissions trading scheme has cut emissions by 50% and generated €250 billion. However, critics argue that carbon pricing may distract from other efforts and allow corporations to profit while expanding fossil fuel activities.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.