EU Commission’s Carbon Disclosure Draws Fire as Prices Fall
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A lobby group representing traders from Royal Dutch Shell Plc to BNP Paribas criticized the quality of disclosure by the European Commission in Brussels when proposing rule changes to its carbon market.
A draft plan from October that would have banned traders from holding Russian Emission Reduction Units issued after 2012 was revised Jan. 10 after market participants showed the regulator the proposal wasn’t workable, Sarah Deblock, European Union policy director at the Geneva-based International Emissions Trading Association, said today in an interview.