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EU narrows down carbon-market overhaul options, climate action commissioner says

Posted on 30 August 2013

The European Union’s regulatory arm is winnowing down the options for a long-term overhaul of the world’s biggest carbon market and aims to make a decision in the coming months, EU Climate Action Commissioner Connie Hedegaard said.
The European Commission has floated several scenarios to help curb a record glut of emission permits and boost the price of carbon in the bloc’s €54 billion ($72 billion) Emissions Trading System, where prices slumped to an all-time low in April………………………………………..Full Article: Source


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