EU Considered 30 Euro Floor for CO2 Starting in 2013, Lobby Says
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The European Commission considered installing a floor price in its carbon market for the third phase from 2013 to 2020 to spur clean investment, said the Carbon Markets & Investors Association.
“The unofficial discussion in the European Union was that, during phase three, the commission was hoping to have an operating floor price unofficially of about 30 euros ($41) a metric ton,” Miles Austin, director of the lobby group, said yesterday at a hearing of the energy and climate change committee in U.K. Parliament in London.