Little progress was made in negotiations between MEPs and governments last Thursday night on the revision of EU legislation underpinning the European carbon market, according to sources in both the European parliament and council of ministers. The "trialogue" meeting was the last before an EU leaders' summit beginning on Thursday.
The biggest issue in the talks revolves around carbon leakage - the risk that firms will relocate production outside Europe if their carbon costs are too high. Member states remain locked in debate amongst themselves on how best to tackle the threat, leaving little room for progress in the dialogue with MEPs (see related article, this issue).
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