Germany, U.K. Hold Key to Carbon Market Fix, EU Official Says

Germany and Britain remained undecided in talks today on a European Union plan to prop up the bloc’s carbon market, an EU official said today.

Support from the two may determine the fate of the proposal to delay the sale of some carbon allowances to curb oversupply, according to the official, who asked not to be identified, quoting policy. Should they join the supporters, including France and Italy, the measure would pass the first round of the policy making process, the official said.

To contact the reporter on this story: Ewa Krukowska in Brussels at ekrukowska@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net

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