Economics
EU Narrows Down Carbon-Market Overhaul Options, Hedegaard Says
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The European Union’s regulatory arm is winnowing down the options for a long-term overhaul of the world’s biggest carbon market and aims to reach a decision in the coming months, EU Climate Commissioner Connie Hedegaard said.
The European Commission has floated several scenarios to help curb a record glut of emission permits and boost the price of carbon in the bloc’s 54 billion-euro ($72 billion) emissions-trading system, where prices slumped to an all-time low in April.