| The UK and eight other member states yesterday reiterated their call for the European Union to deliver urgent reforms to the EU emissions trading scheme (ETS), in a bid to bring an end to the long-standing oversupply of emissions allowances in the market. The joint ministerial statement was signed by Energy and Climate Change Ministers from the UK, Germany, the Netherlands, Sweden, Denmark, Slovenia, Luxembourg, Malta, and Norway.
It welcomes the European Commission's recent proposals to introduce a new Market Stability Reserve (MSR) that would control the number of allowances in the market, but argues that the bloc cannot wait to launch the new mechanism until 2021, as currently proposed...............................................Full Article: Source
|