EU Lawmakers Divided on Post-2020 Emissions-Market Reform
- Parliament’s environment panel discusses changes to overhaul
- Lawmakers consider cross-party amendments to reform proposal
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European Parliament lawmakers presented differing visions for Europe’s carbon-market reform in a signal to investors that an overhaul of the ailing cap-and-trade program after 2020 will likely require months of further political bargaining.
Members of the assembly’s environment committee commented on some of the more than 700 amendments submitted to a proposal put forward by the European Commission last year, before nations across the world reached in December in Paris the most sweeping deal so far to combat climate change.