Politics
EU Green Shift Needs Carbon Price Predictability, Liese Says
- EU’s Peter Liese seeks clearer rules on carbon price spikes
- Carbon prices hit records as Europe debates climate reforms
This article is for subscribers only.
The European Union needs more effective shields against carbon price shocks to ensure a smooth transition to climate neutrality and help cushion consumers from surging power bills, according to key lawmaker Peter Liese.
Liese, who steers a sweeping reform of the EU Emissions Trading System through the European Parliament, aims to propose next week an amendment that would streamline a mechanism enabling additional supply of carbon permits into the market in the case of excessive price increases. That would also help boost clean investment predictability for thousands of companies covered by the cap-and-trade program, he said in an interview with Bloomberg News late on Thursday.