Sunday, February 1, 2015
MEPs set back progress on reforming the EU’ Emissions Trading Scheme (EU ETS) in January when they voted against proposals for a so-called Market Stability Reserve (MSR).
The reserve aims to raise the price of emissions in the scheme by removing 12% of the current surplus each year. At the same time it aims to reduce volatility by holding the removed allowances in a reserve that can be used to dampen price swings.
To continue reading this article please login if you already have an account or subscribe.