EU lawmakers rubber-stamp carbon market reform

European lawmakers voted in favour of a deal to reform the region’s carbon market after 2020. The draft law, already informally agreed with EU ministers, would accelerate the yearly reduction in the quota of the Emissions Trading System (ETS) allowances to be auctioned. It would also allow the Market Stability Reserve capacity to be doubled […]

Time to change carbon trading says business

Businesses say the carbon trading scheme in the EU must be changed to keep on track for a low carbon future. The European Union Emissions Trading Scheme (EU-ETS), should be reformed to reduce the amount of emissions allowance that is traded on the market said a group of European business leaders. In a letter sent […]