Skip to content
Subscriber Only

Obama’s Climate Call May Hasten EU Carbon Fix, IETA Chief Says

President Barack Obama’s call for Congress to act on climate change may embolden European Union policy makers to fix the bloc’s ailing carbon market, said the president of the International Emissions Trading Association.

A proposal for stricter emissions rules in northeast America may also provide the impetus for EU nations to tackle the oversupply of carbon allowances in the world’s biggest cap-and-trade market, Dirk Forrister, president of the Geneva-based lobby group, said yesterday.