03.07.2015 - EU’s Emissions Trading System Needs More Oversight to Improve Carbon Market
The European Commission should consider some changes to the bloc’s emissions trading system to further improve the working of the carbon market and increase investor confidence, the European Court of Auditors said on Thursday. In a report on the functioning of the carbon market as a financial exchange, the European Union’s Luxembourg-based independent auditors urge the bloc’s executive arm and national governments to improve monitoring of cross-border sales of emissions allowances and come up with a common legal definition...............................................Full Article: Source
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