The EU Parliament went mad and voted to tax cars, build houses and air traffic

On Tuesday the European Parliament approved sweeping reforms to make EU climate change policies more ambitious, including an upgrade of the bloc’s carbon market that is set to increase the cost of polluting in Europe. Europe’s carbon market forces power plants and factories to buy CO2 permits when they pollute. It has slashed those sectors’ emissions by 43% since 2005 but is facing a revamp to hit more ambitious EU climate change targets.