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Four EU Nations Propose Details on Carbon Price Controls

  • France sets talks on excessive carbon price growth for Feb. 21
  • Emissions permits surged to records on stricter climate goals
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The European Union’s nations are due to discuss carbon price controls next week after four governments put forward detailed measures to sharpen the existing mechanism following unprecedented gains in the region’s emissions market.

France, which holds the rotating presidency of the EU, proposed that member states on Feb. 21 debate the existing provisions to prevent excessive carbon price growth as well as potential changes, as part of talks on a sweeping reform of the Emissions Trading System, according to a document seen by Bloomberg News.