| The European Union could have a higher, more robust and credible carbon price, if countries agree to adopt a fix to the scheme from 2017, rather than 2021, new analysis shows today. EU Member States and the European Parliament are currently debating how to implement a major overhaul of the EU's emissions trading scheme (ETS), which would see hundreds of millions of allowances taken off the market and put into a market stability reserve (MSR) in a bid to push up the price to levels that can drive greater investment in greener technologies.
The European Commission has proposed the MSR should begin in 2021, but Germany and the UK have called for it to start four years earlier in 2017. They have also said the 900 million allowances that were temporarily taken out of the market last year should be placed into the reserve rather than let back into the market...............................................Full Article: Source
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