EU ROUND UP – BRUSSELS TO DELAY CARBON PERMIT AUCTIONS
August 1st, 2012
BY KEITH NUTHALL
THE EUROPEAN Commission will postpone auctioning pollution permits sold under its emissions trading scheme (ETS) to potential further price falls, but has not decided how many allowances will be sold later. ETS permit prices are already depressed as Europe's economic woes left oil and gas users with unused rights to emit carbon. As a result, European Union (EU) climate action Commissioner Connie Hedegaard has amended the timetable for auctioning permits under the ETS's next phase, delaying some auctions from between 2013 and 2015 until 2016 and ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.