EU set to emit 2bn tonnes more CO2 than Paris climate pledge

Note from the European commission reveals emissions trading system allowance numbers are not in line with global 2C target

The EU is set to emit 2bn tonnes more CO2 than it promised at the Paris climate talks, threatening an agreement to cap global warming at 2C, a note from the European commission has revealed.

Carbon prices will rise too slowly to cut industrial emissions as much as needed, says a confidential note prepared for MEPs on the environment committee, which the Guardian has seen.