Europe to try twin-track fix for market
27 Jul 2012

The European Commission has announced a twin-track approach to fixing Europe’s depressed carbon market with a short-term ‘backloading’ of carbon allowances, to be followed by proposals for long-term structural change before the end of the year.
The EC proposal suggests reducing the number of credits in the swollen Emissions Trading System by delaying the release of 400 million, 900 million or 1.2 billion of them from the start of the next market issue in 2013.
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