Good morning from the Financial Times. Today is Tuesday, December 7th. This is your F-T news briefing.

There's a rally in the UK and EU markets for carbon allowances. Germany's new coalition

government has ambitious climate goals, plus academics want more data to find out further

about the social harms that Facebook may be causing, but Facebook won't always cough it up.

And as one academic said to me, the most shocking thing that came out of France's

Hougins revelations were how much Facebook is able to hide.

We'll talk about this with the F-T's European Technology Correspondent, Matamita Mergea.

The Mark Filipino, and here's the news you need to start your day.

Carbon allowances traded on UK and EU markets were near a record high of more than 75 pounds per

ton last week. The rally is due in part to the renewed focus on emissions after the big

UN climate summit in Glasgow. The global energy crunch is also pushing up prices. Europe's gas

shortage is prompting some energy producers to switch to coal so they need to buy more allowances

to offset the extra emissions they're creating. Prices have become so high a mechanism has

kicked in requiring UK lawmakers to decide whether they should intervene. The government says it'll

make that decision by next Tuesday. Tomorrow, Germany's parliament is expected to elect Olaf

Schultz as the country's next chancellor. He'll lead a coalition that will take over after

Angela Merkel's 16-year reign. The country's political parties spent nearly two months

hammering out an agreement on how they'll govern together. We asked our Berlin bureau chief,

what might change in terms of economic policy? The main difference is that this new government will

be a lot more ambitious when it comes to climate targets. For example, Germany had decided to phase

out all its coal power by 2038, but this government wants to do it ideally by 2030. It's also saying

it wants to get all petrol and diesel cars off the roads in the 2030s and replace them with

...