Environmental Finance | News | EU ETS oversupply proposals delayed till September?
Doubts have crept in over whether the European Commission will still publish proposals to deal with an oversupply of EU allowances (EUAs) before its summer break starts on 26 July – with some participants speculating they will be delayed until September. EU climate commissioner Connie Hedegaard said today that a review of the EU Emission Trading System (ETS) with a proposal to delay the sale of some EUAs from 2013 until later in Phase III (2013-20) and a consultation on longer term structural reforms could be expected “rather soon”. She added that the Commission is “still working very hard to try to finish before summer” – but other stakeholders say there are rumours the review and proposals may not be published until September.
Wednesday, July 11, 2012
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