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On December 5th, the National Medical Products Administration (NMPA) convened an administrative guidance meeting for online drug sales platform companies. The meeting emphasized that online drug sales platforms must continuously strengthen their primary responsibilities, enhance internal professional management and optimize the entire process, focus on resolving outstanding issues currently existing on the platforms, strengthen the management of merchants on the platforms, establish and improve risk consultation mechanisms, optimize intelligent monitoring tools, cooperate with regulatory authorities in monitoring and governance, and effectively safeguard public medication safety.French lawmakers have approved the tax component of the 2026 social security financing bill.The Swiss Federal Council is committed to further improving access to the US market.Banks will provide Netflix (NFLX.O) with a bridge loan of up to $59 billion to help it complete its acquisition of Warner Bros.On December 5th, German Chancellor Merzs ruling coalition passed the controversial pension bill in parliament, averting a major setback that could have led to the governments collapse after only seven months in power. In Fridays vote in the Bundestag, Merzs conservative bloc and his Social Democratic allies passed the bill with 319 votes in favor, exceeding the 316-vote threshold of 630 seats, but falling short of the 328 seats Merz holds in the Bundestag. Previously, about 18 young members of Merzs CDU group had threatened to oppose the bill, jeopardizing the coalitions already slim 12-seat majority. While the bills passage will be celebrated as a victory, the pension controversy has raised new questions about Merzs leadership authority and his control within his party. The German government still faces a series of difficult decisions on issues such as welfare spending cuts and deep reforms to the pension system to control soaring costs.

Canada Introduces Carbon Offset Certificates to Combat Emissions

Haiden Holmes

Jun 09, 2022 11:19

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Canada began a credit system for greenhouse gas offsets on Wednesday, a significant component of its goal to reduce carbon emissions, beginning with a set of rules outlining how projects might create tradable credits by absorbing landfill gas.


The government reported that guidelines for four additional areas, including agriculture and forest management, are in development. This summer, it will also begin creating rules for carbon capture technology, on which Canada's highly polluting oil industry is relying to reduce emissions.


The Liberal government of Prime Minister Justin Trudeau has vowed to reduce climate-warming emissions by 40-45 percent below 2005 levels by 2030. 7 percent of Canada's total carbon output comes from greenhouse gas emissions from trash, including landfills.


The greenhouse gas offset credit system is designed to enable a domestic carbon offset trading market, and the government has stated that it will generate new economic opportunities for businesses and municipalities that reduce emissions.


Participants may register projects and earn one tradable offset credit for each tonne of emissions reduced or removed from the environment, provided their initiatives adhere to the federal offset regulations that specify which activities qualify.


The credits can subsequently be sold to others, such as big industrial polluters obligated to limit carbon pollution or businesses voluntarily offsetting their emissions.


"Beginning with landfills, we are implementing a market-based framework to encourage firms and municipalities to invest in pollution-reducing technology and innovations," stated Environment Minister Steven Guilbeault.


The government anticipates that the price of carbon credits would closely mirror Canada's carbon pricing, which is presently set at C$50 per tonne and will increase to C$170 per tonne by 2030.


However, environmental groups cautioned that enabling polluters to purchase offset certificates rather than reducing their own emissions could jeopardize climate goals.


Greenpeace Canada spokesman Shane Moffatt stated, "Offsetting does not prevent carbon from entering the atmosphere and warming our planet; it merely keeps it off the books of large polluters who are accountable."


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