The European Union’s cap-and-trade system has long been considered the gold standard for market-based emissions-reduction policies, and it’s influenced similar efforts from California to South Korea. Since 2005, it’s helped reduce the EU’s industrial carbon emissions by about 50 percent , and a ...

Source: [Grist](https://grist.org/international/the-eu-might-weaken-its-landmark-climate-law-the-most-impactful-in-the-world/)

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