The largest political group in the European Parliament said on Wednesday it wants a greater proportion of EU carbon permits to be handed out free to industry from 2020. EU politicians are debating how to reform the Emissions Trading System (ETS).
The scheme is designed to make big polluters pay for their emissions but a surplus of carbon credits following the economic crisis has crushed the market. Under the current ETS trading phase, which runs from 2013 to 2020, the majority of allowances are sold via government auctions, with most of the remainder given free to industry...............................................Full Article: Source
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