| The Dutch presidency of the European Union is seeking political support from member states to enshrine in a carbon market reform a flexibility provision that would enable strengthening the world’s biggest cap-and-trade program.
The plan would pave the way for tightening emission-permit supply and would enable a faster shift to clean technologies, according to Dutch Environment Minister Sharon Dijksma. Prices in the EU Emissions Trading System, where 2013-2020 pollution caps on companies were set before the global financial crisis, fell almost 80 percent in the past eight years as industrial output shrank, aggravating a glut of allowances...............................................Full Article: Source
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