| The Polish Electricity Association has asked for an impact assessment of proposed European Union carbon market reforms so it can calculate the effects on electricity prices, a letter to the European Commission shows. The EU last week agreed a deal to start reforming the world's biggest carbon market from Jan. 1, 2019, under a mechanism called the Market Stability Reserve (MSR).
The reserve will take away some of the oversupply of EU carbon permits in the EU's Emissions Trading System (ETS) and thereby raise prices. Poland, whose economy relies on coal, has been leading a group of countries opposed to any action earlier than the European Commission's original proposal to start reform in 2021...............................................Full Article: Source
|