Three European Union lawmakers have urged the European Commission to withhold at least 1.4 billion emission permits from the bloc’s carbon-trading system to help boost prices, according to a letter obtained by Bloomberg News.
The removal would apply to emissions permits due to be auctioned from 2013, and is at least 17 percent more than the range proposed by the European Commission in a draft report. The letter was addressed to commission president Jose Manuel Barroso, climate commissioner Connie Hedegaard and commission secretary-general Catherine Day.
