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Friday, 17 February 2017 18:30

Number of “carbon credits” to be reduced

Number of “carbon credits” to  be reduced

The European Parliament has backed the plans to boost greenhouse-gas emission curbs through the EU carbon market (EU ETS), under which it is proposed to reduce the number of “carbon credits” (emission allowances) by 2.2% each year, and double the capacity of the 2019 market stability reserve (MSR) to absorb the excess of allowances on the market, Caspian Energy News (www.caspianenergy.net) reports with reference to the press statement of the European Parliament.

More details: http://www.europarl.europa.eu/news/en/news-room/20170210IPR61806/meps-back-plans-to-cut-carbon-emission-allowances-and-fund-low-carbon-innovation

Person in charge of the newsline: Jeyhun Bayramov

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