After fractious debate, EU Parliament votes to back “biggest ever” carbon market overhaul

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By Kate Abnett BRUSSELS (Reuters) -The European Parliament backed reforms to the EU carbon market on Wednesday, allaying fears of a delay to Europe’s climate change policies after lawmakers had rejected the proposals in a first vote this month. The proposals would cut emissions faster under the European Union’s carbon market, the centrepiece of a package of laws to reduce the EU’s net greenhouse gas output by 55% by 2030, from 1990 levels. The compromise was struck after lawmakers rejected the entire carbon market law in a divisive first vote this month, when lawmakers split over how quickly t…

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