EU Nations Said Due to Decide on CO2-Fix Mandate Nov. 8
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European Union nations are due to decide in two weeks whether to allow the start of talks on a draft carbon-market fix with the region’s Parliament, according to an EU presidency official.
Lithuania, which holds the rotating presidency of the 28-nation bloc, plans to seek approval for a negotiating mandate at a meeting of ambassadors from member states on Nov. 8 in Brussels, said the official, who asked not to be identified, citing policy. EU carbon permits jumped as much as 8.6 percent on speculation that work will accelerate on the rescue plan, which aims to help emission prices recover from record lows by temporarily curbing supply of allowances at auctions.