09.07.2015 - EU politicians back carbon market 2019 reform start
The European Parliament on Wednesday approved a proposal to begin reform of the world's biggest carbon market in 2019, clearing the last major hurdle before the plan can become law. The aim is make the EU Emissions Trading System (ETS) strong enough to spur investment in lower-carbon energy and precedes U.N. talks in Paris at the end of the year to seek a deal to curb global warming. EU carbon allowances at around 7.50 euros per tonne were little changed after Wednesday's vote, which had been expected. Ivo Belet, from the centre-right European People's Party, who led the debate in parliament, said the reform strengthened the credibility of the European Union ahead of the Paris climate summit...............................................Full Article: Source
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