Crucial deal on EU Emissions Trading System still elusive
European officials failed to reach agreement on Thursday on a crucial reform to improve the effectiveness of the European Union’s Emissions Trading Scheme, the world’s largest carbon cap and trade scheme.
Officials of the European Council, Parliament and Commission met in a “trialogue” in Brussels to try and thrash out a deal, but could not reach agreement.
“The timing is partly dictated by COP,” said Mark Lewis, head of European utilities equity research at Barclays in Paris, referring to the
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