Estonia Joins Calls on EU to Delay New Carbon Market for Fuels

Kristen MichalPhotographer: Ksenia Kuleshova/Bloomberg
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Estonia joined other European Union nations in urging the bloc to delay or even scrap a new carbon market for transportation and heating fuels, on concerns it could boost energy costs.

While Estonia supports EU climate goals, it sees a risk that the new program could boost fuel prices and put household and business budgets under pressure. The country wants to examine alternative options to drive emissions reductions in the buildings and transport sectors first, according to Prime Minister Kristen Michal.