Politics
EU’s Liese Has Carbon Price Rule in Crosshairs as Costs Soar
- EU Parliament’s Liese plans amendment to carbon reform
- Emissions costs break records on climate ambition, gas: Liese
Ilva steel plant in southern Italy.
Photographer: ALFONSO DI VINCENZO/AFPThis article is for subscribers only.
A key lawmaker in the European Union is seeking tougher rules to prevent prices from rising too quickly in the bloc’s carbon market at time when companies are grappling with record costs to pollute.
Peter Liese, who is guiding reform of the EU Emissions Trading System through the European Parliament, said that next week he plans to propose an amendment to existing provisions to limit excessive price growth in the bloc’s cap-and-trade program. Benchmark carbon prices fell as much as 3.8% following his remarks.