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EU plan to cut supply of carbon permits passes into law

Posted on 27 February 2014

A plan to prop up EU carbon prices was published in the official journal of the European Union on Wednesday, enacting into law the so-called backloading measure that keeps on track the European Commission’s aim to allow the withdrawal of a maximum 400 million permits this year.
The plan involves cutting the supply of permits to be sold under the EU Emissions Trading Scheme (ETS) in an effort to incentivize more investment in low carbon technologies………………………………………..Full Article: Source


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