| European Union member states meet Tuesday to hold their first talks on a compromise proposal for carbon-market reform. Representatives of the EU’s 28 nations gather at 10 a.m. in Brussels to discuss the presidency’s plan to begin operating in 2019 a reserve to curb a surplus of emission rights, according to the Council of the EU meeting agenda. The U.K. and Germany want a 2017 start while an alliance headed by Poland is pushing for 2021, as first proposed by the European Commission.
The planned reserve would ease a glut of permits that has pushed emission prices down about 75 percent since 2008 to levels that fail to deter industry from burning coal, the most-polluting fossil fuel...............................................Full Article: Source
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