Europe opts for ‘auto-backload’ of carbon markets

Europe’s depressed carbon markets are to be given an automatic ‘market reserve’ facility allowing at least 100 million carbon allowances – or 12% of the market – to be withheld or released to buoy prices, according to a document released on the 22 January 2014.

The plan is set out in a one page legal amendment to the Emissions Trading System (ETS) Directive that EurActiv has seen.

• Primary Source

ESO: Background information: Europe strengthens its carbon market for a competitive low-carbon economy http://www.europeansources.info/record/memo-europe-strengthens-its-carbon-market-for-a-competitive-low-carbon-economy/

ESO: Background information: Green Fade-Out: Europe to Ditch Climate Protection Goals http://www.europeansources.info/record/green-fade-out-europe-to-ditch-climate-protection-goals/

The Conversation, 30.05.14: Without transparency, Europe’s carbon market reform will fail http://theconversation.com/without-transparency-europes-carbon-market-reform-will-fail-27304?utm_medium=email&utm_campaign=Latest+from+The+Conversation+for+2+June+2014&utm_content=Latest+from+The+Conversation+for+2+June+2014+CID_e288edb14554f931ce6bf585a8aca601&utm_source=campaign_monitor_uk&utm_term=Without%20transparency%20Europes%20carbon%20market%20reform%20will%20fail

---