26.02.2015 - ETS 'back on track' thanks to market stability reserve
Parliament has requested that the measure be implemented by December 2018 at the latest. The emissions trading system (ETS) allows businesses to purchase CO2 emission allowances. Unfortunately, too many allowances have been made available on the market. As a result, their price has dropped dramatically in recent years. They currently cost €7 to €8 per tonne, whereas it was originally hoped they could be sold for €30 per tonne. A market stability reserve (MSR) would reduce the number of allowances on the market if there are too many, and introduce new ones onto the market in case of a shortage...............................................Full Article: Source
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