| European business groups are sharply divided over how quickly and aggressively the European Union needs to reform its Emissions Trading System (ETS), a division unlikely to help spur swift changes.
The European Commission has proposed that starting in 2021, it set aside hundreds of millions of surplus carbon allowances from the ETS to help firms cope with economic shocks, and drive carbon prices up to levels that encourage them to invest in lower carbon technologies...............................................Full Article: Source |