EU Commission proposes holding back 900 million carbon permits
BRUSSELS (Reuters) - The European Commission on Monday proposed postponing the auction of 900 million carbon emission allowances from 2013-2015 until later in the next phase of the EU Emissions Trading Scheme (ETS), which runs until 2020.
The measure is designed to support the market, on which the price of allowances collapsed to a record low of 5.99 euros per ton of carbon in April.
They recovered to just above 9 euros on Monday, up nearly 9 percent since the previous close, in anticipation of the Commission's proposal.
- Alabama man gets $1,000 in police settlement, his lawyers get $459,000
- Two dead, four wounded after student opens fire Washington state school
- U.S. officials considering quarantines for returning healthcare workers |
- Police say New York hatchet attack by Islamic convert was terrorist attack |
- 'We won't pay,' furious Cameron tells EU over surprise bill |