EU Confident on Carbon as Fix Said Likely to Win States’ Support

European Union Climate Commissioner Connie Hedegaard said she is confident that EU plans to bolster carbon prices will be enacted as policy makers realize inaction could lead to a demise of the world’s biggest carbon program.

Support from member states for the rescue plan for the EU emissions trading system is growing and more governments are likely to favor the proposal to temporarily curb oversupply, she said in an interview in Brussels today. The emergency strategy, known as backloading, needs backing from EU governments and from the European Parliament to be implemented.