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New mechanism proposed to reform the European Union Emissions Trading System

Posted 22 Jan 2014 in

“The European Commission should reform the European Union Emissions Trading System by introducing new rules to automatically withdraw allowances when the carbon proce starts to fall too rapidly, according to a policy paper published today (22nd January, 2014) by the Grantham Research Institute on Climate Change and the Environment and the Centre for Climate Economics and Policy at the London School of Economics and Political Science. read more »





European Commission resists calls for carbon ‘central bank’ (on www.ft.com)

Posted 19 Jan 2014 in

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The European Commission has resisted calls for a carbon “central bank” to revive Europe’s moribund emissions trading system but is poised to unveil a less ambitious plan to fix flaws in a market that has foundered since the global financial crisis slashed prices. read more »