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EU awards too many free carbon quotas

The European Court of Auditors says 40 percent of carbon allowances in the EU are cost-free, which lowers the inflow of clean energy in Eastern Europe in particular and presents an obstacle to meeting the union's own emissions reduction goals.

The EU awards free carbon quotas to prevent companies from moving its activities to countries outside the union with lower environmental standards. But too many are given, and their distribution isn't focused enough, says the ECA. | Photo: Jens Hartmann Schmidt

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