07.05.2015 - EU agrees 'landmark' carbon market deal
Emissions trading reform expected to pull the plug on Europe’s carbon credit glut in 2019, but environmentalists warn of need for long-term solution. A deal to claw back hundreds of millions of surplus allowances from Europe’s emissions trading system (ETS) has been hailed as a watershed by environmentalists, MEPs and renewable industry groups. Nearly half of the continent’s emissions are covered by the ETS, the world’s largest carbon market, which sets a cap on CO2 output and forces firms to buy or sell allowances to stay within its boundaries...............................................Full Article: Source
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