An emergency plan to prop up prices in the European Union’s carbon market, the world’s biggest, will probably start in the middle of next month, the European Commission said today.
The commission, the 28-nation bloc’s executive arm, has already started preparatory work with member states and carbon-permit auction platforms, according to a statement published on its website. The market fix envisages delaying, or backloading, the sale of 900 million carbon permits to help prices rebound from levels that the EU says are too low to stimulate investment in low-emission technologies.
