Countries try to dodge EU's carbon market fundraising plan
27 Sep 2022
European Union countries are hunting for alternatives to an EU plan to use a carbon market reserve to help finance their exit from Russian gas, as some fear the proposal would undermine the bloc’s main climate change policy.
As part of its aim to end Europe’s reliance on Russian gas this decade, the European Commission has said countries could raise 20 billion euros for new energy investments by selling CO2 permits stored in the EU carbon market’s “market stability reserve”.
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