Energy: CO2 trade: EU wants to prevent price jumps for industry
Emission certificates are supposed to help protect the climate - but the system must not become too expensive for industry, as the EU countries warned. It is to be adjusted.
The EU is set to intervene in its carbon emissions trading system to prevent price spikes for industry. Negotiators from EU states and the European Parliament have agreed to increase a reserve of emission certificates to up to 700 million, from a maximum of 400 million currently. The move aims to provide a buffer against market fluctuations and protect against an oversupply of certificates.
The agreement must still be approved by the EU Parliament and Council before being formally adopted. A broader review of the emissions trading system is also underway.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
