EU Says Carbon Market Imbalance is Worsening, Quick Fix Needed
This article is for subscribers only.
The European Union’s carbon market needs a “quick measure” to curtail a growing oversupply of permits which may double by the end of next year, a European Union official said.
The oversupply was around 950 million metric tons at the end of 2011 and is “growing fast,” Jos Delbeke, Director General for Climate at the European Commission, told a Platts conference in Brussels today.