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European Council and Parliament reach agreement on measures to reduceCO2 emissions

The Council and the European Parliament reached provisional political agreement on legislative proposals for the ‘Fit for 55’ package to achieve the 55% greenhouse gas emissions reduction target by 2030 compared to 1990. The commitment strengthens the EU Emissions Trading System (ETS), applies emissions trading to new sectors and establishes a Social Climate Fund. The agreement reached now contributes to making the system more ambitious to further reduce emissions.

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