EU to give industries more free CO2 permits, document shows

The European Commission has drafted plans to give more free emissions permits to industries ​over the next few years, a move that ‌could save companies 4 billion euros ($4.68 billion) in CO2 costs, an internal EU document seen by Reuters showed on Monday. The EU's ​carbon market is the bloc's main tool for ​addressing CO2 emissions, which it does by forcing ⁠industries to buy CO2 emissions permits when they pollute. The ​scheme has come under growing political pressure from member states ​worried about Europe's faltering economic competitiveness, while some heavy industries have urged Brussels to give them more free CO2...