EU Talks Said to Bring No Breakthrough on CO2 Supply Fix
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European Union talks on a carbon market fix failed to bring clarity on whether governments will back a proposal by the bloc’s regulator to curb a glut of emission permits, two EU officials said.
Representatives of EU nations in the Climate Change Committee reached no breakthrough at a meeting yesterday on a draft measure to delay auctions of 900 million carbon permits starting in 2013, according to the officials, who declined to be identified citing policy. The gathering in Brussels was the first after the European Commission on Nov. 12 proposed a specific number of allowances to be delayed under the draft measure outlined earlier this year and two days later set out long-term options to improve the market, as requested by governments.