The hidden benefits of the carbon market in Europe

by time news

2024-07-05 16:17:44

CO2 emission quotas for manufacturers have also had a very positive impact on the health of European citizens.

Ineffective in its beginnings, the European market for carbon emission quotas eventually forced large companies to reduce their CO2 emissions. This strategy also has a hidden advantage. It has promoted a reduction in the emissions of fine particles, nitrous oxides and sulfur dioxides, harmful to human health, which are not addressed by this device. Overall, this European policy has had benefits in terms of public health which can be calculated « to hundreds of billions of euros »according to a study published earlier this week in PNAS (Proceedings of the American Academy of Sciences), by researchers from the Max Planck Institute in Meteorology, universities of Hamburg (Germany) and Bordeaux.

Because due to European regulations, since 2005, some 10,000 large industrial installations which represent around 40% of the old CO2 emissions of the Continent have had to adopt reduced energy production methods…

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