European Parliament supports EU carbon Market Reform Shipping Industry may be included in carbon Market next year

(European Parliament supports EU carbon market reform the shipping industry may be included in the carbon market next year)-the European Parliament voted on Tuesday local time to approve a comprehensive reform of the EU carbon market, which is expected to raise pollution costs in Europe and accelerate the reduction of carbon dioxide emissions in the next few years. These reforms will reduce the supply of carbon permits on the market faster than originally planned, phase out free permits for industry by 2034, and gradually integrate shipping into the carbon market from 2024. These reforms still need final approval from EU countries. (Reuters)