Energy MEPs reject ETS backloading
MEPs have advised against the European Commission’s proposed intervention in the EU carbon trading market.
MEPs on the European Parliament’s energy committee (ITRE) voted today (24 January) to reject the European Commission’s proposal to intervene in the EU’s struggling carbon trading market.
The price of carbon in the EU Emissions Trading Scheme (ETS) fell below €5 this week, an all time low. When the scheme was designed, it was expected that the price at this time would be around €30.