MEPs propose tighter ETS rules

The European parliament environment committee has backed plans to tighten the EU emissions trading system (ETS) from 2020.

They include reducing the number of allowances to be auctioned each year and doubling the capacity of the market stability reserve (MSR) to absorb excess credits. The European Commission had sought a 2.2% increase in the so-called ‘linear reduction factor’, the yearly contraction in credits available for auction.

MEPs have proposed a 2.4% rise. Under their ...

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