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EU Lawmaker Seeks Changes to Carbon Market Reserve Proposal

  • EPP’s Jarubas wants to tie reserve reform with EU ETS overhaul
  • Bloc is debating measures to bolster CO2 market in green shift
Power Generation in Germany
Photographer: Krisztian Bocsi/Bloomberg

A lawmaker from the European Union’s biggest political group is proposing that the bloc abandon fast-tracking a measure to stabilize its carbon market, and instead link it to a broader overhaul of the emissions trading program. 

Adam Jarubas, a Polish member of the European People’s Party, has put forth the amendment in the EU Parliament’s environment committee. The panel is debating a draft regulation by the European Commission to bolster the Market Stability Reserve, designed to curb excess emissions permits.