EU Lawmakers Seek CO2 Market Restrictions to Cut Speculation
- EU Parliament’s environment committee to vote on carbon reform
- Majority of committee members back deeper emissions reductions
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Senior members of the European Parliament’s environment committee endorsed a plan to limit financial investors’ access to the European Union carbon market, in a bid to curb speculation after emission prices hit records early this year.
As part of negotiations on the deepest yet reforms of the EU Emissions Trading System, Christian Democrats, Liberals and Conservatives on the committee agreed to propose that by January 2025 only polluters in the system and their financial intermediaries can operate accounts in the carbon registry used to transfer allowances.