EU credits could be junk, says power chief
1 Feb 2013

Europe is staring at a ‘lost decade’ that will make decarbonisation impossible and reduce carbon credits to the value of ‘junk bonds’ unless politicians back a carbon market reform package, says the head of Europe’s electricity industry association.
Last week, MPs on the European parliament’s industry committee rejected a proposal to firm up carbon prices by withholding – or ‘backloading’ – 900 million EU allowances from the 2020 auctioning period.
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