| A group containing some of Europe's most high profile multinationals has this week called on the European Union to strengthen plans to reform the bloc's emissions trading scheme (ETS), arguing the Paris Agreement necessitates a rethink on how to make the world's largest carbon market more effective.
Policymakers in Brussels are currently considering a wide-ranging package of reforms that would see the next phase of the ETS from 2021 to 2030 impose a tighter emissions cap, provide more tailored support for carbon intensive industries at risk of 'carbon leakage', and introduce a Market Stability Reserve (MSR) to manage the oversupply of carbon allowances...............................................Full Article: Source |