This week the European Parliament voted to freeze the upcoming auction of up to 900 million carbon allowances, which, if it is endorsed by European governments, will finally push up the price of carbon emissions across the continent. Which should start forcing big emitters into finding ways of cutting their CO2 output the way the carbon market was intended to work,
Unfortunately there's a group of EU countries who may vote against the freeze. The main one being Poland, who are majorly commited to coal, and vote against anything that even smells of carbon cutting.
So, looks like that fix is out the window.
More here.
No comments:
Post a Comment