Read
- Kanye West wins over critics with 'daring' new album 'Yeezus'
- Angelina Jolie stunt double sues News Corp over hacking
- Massachusetts police search NFL player's home in homicide probe: report
- Journalist who brought down U.S. general is killed in Los Angeles car crash
- Asian markets tense before Fed; Nikkei outperforms
Sponsored Links
EU Commission proposes holding back 900 million carbon permits
BRUSSELS |
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.
(Reporting by Barbara Lewis; editing by Rex Merrifield)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
Follow Reuters