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Could a Carbon Market Policy Committee save the carbon market?

Posted on 25 November 2013

The creation of a Carbon Market Policy Committee (CMPC) modelled on the Bank of England’s Monetary Policy Committee (MPC) should form the centrepiece of upcoming reforms to the EU’s emissions trading scheme (ETS), providing a politically independent mechanism for setting the number of carbon allowances in the market in order to drive investment in low carbon infrastructure.
That is the recommendation of a major new report from the IPPR think tank, which argues that effective reforms by the EU would not only help drive low carbon investment in the most cost effective manner, but would also help reinforce the bloc’s position as a leading player in international climate talks………………………………………..Full Article: Source


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