FILE PHOTO: Greenpeace activists release smoke after rolling down a banner outside the European Union headquarters to protest against the ongoing damage to the Amazon rain forest, in Brussels, Belgium, September 11, 2020. REUTERS/Yves Herman/File Photo
BRUSSELS (Reuters) - The world's biggest carbon trading market faces a major overhaul under European Union climate change plans to cut greenhouse gas emissions faster this decade, a draft seen by Reuters shows.
Under the EU emissions trading system (ETS) factories and power plants have to buy pollution permits to cover the greenhouse gases they emit, while airlines must do so for flights within Europe.
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