BRUSSELS (Reuters) – European Union negotiators reached agreement early on Sunday on overhauling the bloc’s carbon market, the bloc’s main policy tool for fighting global warming, the Czech EU presidency said.
“The agreement … will allow us to meet climate objectives within the main sectors of the economy, while making sure the most vulnerable citizens and micro-enterprises are effectively supported in the climate transition,” Czech environment minister Marian Jurecka said in a statement.
The provisional deal still needs to be formally adopted by the European Parliament and the European Council, grouping the bloc’s member states.
(Reporting by Sabine Siebold; Editing by Christopher Cushing)
