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EU may link carbon fix to economy’s revival

Posted on 31 May 2013

The European Union’s regulator is considering tools to link the supply of carbon permits with the bloc’s economic performance, according to Jos Delbeke, director general for climate at the European Commission.
The possibility of improving the world’s biggest emissions- trading system by equipping it with a flexibility mechanism emerged during public consultations on long-term scenarios for the market, Delbeke said. It adds to six options floated by the commission last year to strengthen the cap-and-trade program after prices slumped to all-time lows amid a record surplus of allowances exacerbated by an economic crisis………………………………………..Full Article: Source

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