Carbon Advances as Policy Makers Consider Supply Flexibility
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European Union carbon permits advanced to close at their highest this week as policy makers held talks on ways to adjust sales of allowances to address a surplus that depressed prices.
Finance, industry and market representatives met in Brussels today to discuss “technical aspects” of a possible reserve mechanism to make the amount of permits EU countries sell at auction more flexible, the European Commission said Sept. 24. Isaac Valero-Ladron, a spokesman for the commission, declined to comment immediately on the talks when reached by phone today.