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Germany backs EU carbon market reform by 2017

Posted on 13 June 2014

The German government wants the EU’s carbon market reform plan to be implemented by 2017, four years earlier than the European Commission has proposed, Germany’s Environment Minister Barbara Hendricks said on Thursday.
The European Commission, the EU executive, has proposed setting up a so-called market stability reserve from 2021 to hold and release permits to balance supply in the bloc’s Emissions Trading System (ETS) and better respond to economic changes………………………………………..Full Article: Source


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