| A British Conservative was picked on Wednesday to steer a major piece of climate law through the European Parliament, after deputies steered clear of Polish candidates opposed to carbon trading reforms that would penalize their coal-reliant country. Carbon market analysts said Ian Duncan was preferable to rivals from Poland's Law and Justice party, which has threatened to pull Poland from the EU Emissions Trading System (ETS) if it wins an October election.
Poland has been at the vanguard of those seeking to prevent reforms that would strengthen carbon prices and increase the cost of burning coal, the most polluting of the fossil fuels. Interim reforms have pushed carbon prices on the EU Emissions Trading System (ETS) to around 8 euros ($9) per tonne, up from a record low of less than three euros in April 2013..............................................Full Article: Source
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