Parliament committee urges tougher ETS cap

Some 1.4 billion carbon allowances should be taken out of the EU's emissions trading scheme (ETS) during its third phase to tackle oversupply and restore confidence in the market, the European Parliament's environment committee said on Tuesday.

The call is one of several amendments to the draft energy efficiency directive adopted by the committee. There are concerns among MEPs that without this kind of set-aside the directive will cut demand for allowances and further weaken the carbon price.

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