Brussels sets ball rolling for carbon market intervention
(EurActiv.com, 20 Apr 12) A review of the Emissions Trading System (ETS) has been brought forward a year, offering “a golden opportunity” for a re-examination of the current rules to prop up the depressed carbon market, said Connie Hedegaard, the EU's Climate Action commissioner.
The reappraisal would be completed within two months, she said at a press conference outside an informal council of energy and environment ministers in Horsens, Denmark.
With regards to the 2013-2020 auctioning period, "there is a tendency [of] much more allowances going into the market in the early phase, rather than the later stage,” Hedegaard said.
“We think it's time to look into whether that makes sense.”
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