Surprise carbon market 'backload' proposal on the cards

The European Commission's proposal to fix the beleaguered Emissions Trading System (ETS) Wednesday (25 July) includes scenarios for ‘backloading’ a massive 400 million, 900 million, or 1.2 billion carbon allowances, EurActiv understands. Little of substance had been expected to be announced in the proposal, aimed at raising the price of carbon, currently languishing at €7 a tonne, down from a high of €20 a tonne in 2008. But sources say it ...

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