| EU nations will hold more talks late on Wednesday to debate reforms to Europe's carbon market after more than two hours of debate failed to bridge a gap between those seeking early action and those wanting a delay, diplomats said.
Allowances on the EU Emissions Trading System (ETS) fell around 3 percent after diplomats said a morning session of closed-door debate had failed to reach a deal. A proposal to set up a Market Stability Reserve to hold some of the surplus allowances that have depressed carbon prices, had been the first item on the agenda of a closed-door meeting, the diplomats, speaking on condition of anonymity, said...............................................Full Article: Source
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