22.01.2014 - Europe opts for ‘auto-backload’ of carbon markets
Europe’s depressed carbon markets are to be given an automatic ‘market reserve’ facility allowing at least 100 million carbon allowances – or 12% of the market – to be withheld or released to buoy prices, according to a document set for release on 22 January. The plan is set out in a one page legal amendment to the Emissions Trading System (ETS) directive that EurActiv has seen. This would allow an 'auto-backload' of carbon allowances to be triggered “if the total number of allowances in circulation is lower than 400 million,” the paper says...................................Full Article: Source
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