EU Lawmakers Reach Deal to Advance Carbon Reform to 2019
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European Union negotiators are endorsing an accelerated overhaul of the bloc’s carbon market after the price of emission rights fell to levels that fail to deter polluters.
Representatives of EU governments, the European Parliament and the European Commission decided on Tuesday to back the 2019 start of a reserve to soak up a permit glut, two years earlier than proposed, according to Latvia, which holds the EU rotating presidency. Carbon futures for December rose 0.3 percent, adding to this month’s 2 percent rally.