| The European Parliament on Wednesday is expected to back a 2019 start to reform of the world's largest emissions market in a step toward deeper change and higher carbon prices. The aim is make the EU Emissions Trading System strong enough to spur investment in lower-carbon energy and comes ahead of U.N. talks in Paris at the end of the year over a deal to curb global warming.
Following a vote expected after 1 p.m. (1100 GMT) on Wednesday in a plenary session of the Parliament in Strasbourg, the reform will require a sign-off from member states to become EU law. The planned reform involves setting up a Market Stability Reserve to store surplus carbon allowances that have piled up due to oversupply and economic slowdown...............................................Full Article: Source
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