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Carbon market debate leans towards tighter pollution cap

2013-03-04 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Hours of debate on reform of the European Union's Emissions Trading Scheme on Friday showed support for tighter annual pollution limits, but hardly any backing for a change to an overall EU 2020 goal on carbon cutting. Both measures would reduce the oversupply of carbon allowances, which pushed the EU ETS to a record low of less than three euros per tonne earlier this year. The price collapse means the ETS, a core piece of EU environment policy, is unable to engineer a shift to lower carbon...

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