The European market edged up again last night as news filtered out that European Commission was drafting proposals to delay the auctioning of between 400 million and 1.2 billion permits.
While facts are scarce, unnamed sources suggest the proposal could be out before the August recess and would be part of a review that includes a deeper cut to the 2020 target of 30 per cen up from the current 20 per cent.
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