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.

  • By Jon Hay
  • 13 Oct 2017

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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