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German Toro Ghio's picture
CEO, Germán & Co

Germán José Manuel Toro Ghio, son of Germán Alfonso and Jenny Isabel Cristina, became a citizen of planet Earth in the cold dawn of Sunday, May 11, 1958, in Santiago, capital of southern Chile....

  • Member since 2022
  • 185 items added with 48,675 views
  • Dec 19, 2022

To exert pressure on the market, the quantity of polluter rights will be lowered over time. Therefore, the carbon market sectors must cut emissions by 62 percent by 2030 relative to 2005, which is an increase over the 43 percent reduction goal that had been established previously. Carbon is now priced at about €85 per metric tonne of CO2, "is estimated to be approximately €100 for these sectors. This is the most comprehensive carbon pricing scheme of any continent "Renew MEP and head of the EP's environment committee Pascal Canfin put it this way. He said that the new European deal was "important" in terms of climate change. For the EU to perform its "fair part" in containing global warming to 1.5 °C, non-governmental organisations from Climate Action Network Europe pointed out, a 70% decrease in these emissions would have been required.


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