22.01.2015 - Fate of EU carbon market hangs in the balance
The credibility of Europe’s climate policy faces a critical test on Thursday, when lawmakers vote on reforms to its carbon market. Members of the European Parliament’s industrial committee will debate how fast and far to go with measures to tackle an oversupply of pollution permits, which has chronically depressed the carbon price. At around €7/tonne, the price gives industry only a weak signal to invest in low carbon technology. Experts say that swift action is needed to restore faith in the emissions trading system (ETS), which forms the cornerstone of the European Union’s climate policy...............................................Full Article: Source
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