Germany Eyes Carbon-Market Reserve Start Five Years Early
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Germany said an overhaul of the European Union’s carbon market to automatically tighten supply should begin at the latest in 2016, five years earlier than proposed by the bloc’s regulatory arm.
The 28 EU nations began talks last month on the plan to introduce a stability reserve mechanism for the $72 billion emissions trading system. The draft measure, designed to introduce automatic supply curbs or injections from 2021 to avoid imbalances, requires qualified-majority support from member states and majority backing from the European Parliament to be amended and take effect.