TheCompensators* » European Parliament adopts CO2 market stability reserve

European Parliament adopts CO2 market stability reserve

The European Parliament has made an important step towards a reform of the European Emissions Trading Scheme (ETS). On Wednesday, 9 July 2015, The plenary session adopted the creation of a so-called CO2 market stability reserve. This reserve is intended to stabilise the price of pollution allowances from 2019 onwards and could be, if properly implemented, an important element to make the ETS a tool effectively helping to mitigate climate change and to raise funds for adoption to climate change.

For further details, have a look at the EP’s press release.

 

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