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Green Deal Must Tighten EU Carbon Market Cap, Netherlands Says

Nov. 25, 2019, 1:25 PM

The European Union needs to tighten its 2030 emission-reduction target next year and impose stricter pollution limits on companies in the world’s biggest carbon market, according to the Netherlands.

Plans by incoming European Commission President Ursula von der Leyen to make Europe the first climate-neutral continent by 2050 triggered the Dutch assessment published Monday. Achieving that goal will require an unprecedented transformation of the EU economy, impacting everything from transportation and farming, to energy production and the design of cities.

The first step toward the transition must be an agreement by the EU heads of government to endorse ...