EU Commission to publish ETS rescue plan next week | Reuters
The European Commission confirmed on Friday that it will announce plans next week to withhold carbon allowances to support the struggling Emissions Trading Scheme (ETS), which has suffered a collapse in prices under the burden of oversupply. It has decided on a two-step process to reinforce the legality of what is meant to be a relatively quick fix to the market's weakness. Concerns about possible delays and lack of detail about next week's announcement drove ETS prices sharply lower earlier in the week. At a meeting on July 25, the EU's executive will adopt a proposal clarifying an article of the ETS law on the timing of auctions of permits.
Friday, July 20, 2012
The information and data contained on this website was obtained from sources considered reliable. Their accuracy or completeness is not guaranteed. Information provided on this website is not to be deemed as an offer or solicitation with respect to the sale or purchase of any securities or commodities. Any decision to purchase or sell as a result of the opinions expressed on will be the full responsibility of the person authorizing such transaction.