EU Carbon Fluctuates After Nations Agree to Seek 2021 Fix Start
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European Union carbon permits fluctuated after governments agreed to seek a market fix starting in 2021, enabling the start of talks with the European Parliament next week.
Benchmark allowances in the world’s biggest emissions market erased losses after member states late Wednesday approved the mandate for talks on the final version of a draft law on a market stability reserve. The reserve would ease a glut of permits that led to a 75 percent drop in emission allowances since 2008 to levels that fail to deter industry from burning coal, the most-polluting fossil fuel.