| European Union diplomats have approved a proposal to begin reforms of the bloc's carbon market in 2019, Latvia, the holder of the EU Presidency, said on Wednesday. The proposal to start operating a so-called Market Stability Reserve (MSR) under the Emissions Trading System (ETS) from Jan. 1, 2019, was adopted at a closed-door meeting of diplomats representing the 28 nations of the EU.
"Member states adopt Market Stability Reserve file to improve operation of carbon market! MSR will be operational from 2019," the Latvian Presidency tweeted. A qualified majority of EU member states approved a final deal on the MSR, Alexis Dutertre, France's deputy permanent representative to the EU in Brussels, tweeted...........................................Full Article: Source |