03.05.2012 - EU: Permit glut sparks talk of ‘carbon central bank’

Analysts say that any one-off EU clearing of the massive glut of carbon permits now clogging the Emissions Trading System (ETS) is likely to lead to a ‘central bank' or other policy tool to manage future imbalances. But the European Commission is cautious about entrenching such a mechanism in the ETS, which is the bloc's chief weapon to fight climate change...............................................Full Article: Source

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