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EU politicians back carbon market 2019 reform start

2015-07-08 16:14:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: The European Parliament on Wednesday approved a proposal to begin reform of the world's biggest carbon market in 2019, clearing the last major hurdle before the plan can become law. EU carbon allowances at around 7.50 euros per metric ton were little changed after the vote, which had been largely expected. Discussions have dragged on for months over the proposal to begin operating a Market Stability Reserve (MSR) to remove some of the surplus of carbon allowances that has depressed prices on the...

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