Netherlands warns against EU carbon market fundraising plan
8 Sep 2022
The Netherlands has warned other European Union countries that an EU plan to use a carbon market reserve to finance their exit from Russian gas would undermine the bloc's climate change policy, and put forward alternative plans.
There is caution that toying with the market reserve could undermine trust in the bloc's main climate policy, and depress the EU's carbon price - risking an increase in emissions if this made it cheaper to pollute.
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