UK backs 2017 start for CO2 market reform

The UK will push for the long-term carbon market fix to begin in 2017, meaning the EU’s three biggest member states now back an early start date

The UK will push for the long-term carbon market fix to begin in 2017, meaning the EU’s three biggest member states now back an early start date.

Allowances removed from the market under ‘backloading’ are due to be returned to supply in 2019 and 2020, but the UK says these should go straight into the planned market stability reserve (MSR) instead or else be permanently cancelled.

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