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EU Carbon Price Increases Would Intensify Crisis, Poland Says

The European Union should avoid measures to prop up carbon market prices because they would lead to higher energy costs and could aggravate the economic crisis in the region, Poland’s environment minister said.

The EU emissions trading system, or the ETS, is delivering on its target to reduce greenhouse gas emissions at the lowest possible cost and there’s no need to “manipulate” the market after a slump in industrial output drove carbon prices to a record low, Marcin Korolec said.