Pollution Market Gets a Boost in EU With Move to Reduce Glut
26 February 2018 – European Union nations are poised to endorse the biggest overhaul of the market they created more than a decade ago to rein in pollution, a move that may lift prices of power generated from fossil fuels. The measures, due for final approval in Brussels on Tuesday, impose tougher requirements on thousands of companies to reduce greenhouse gases or pay higher costs for their carbon dioxide emissions. They’re part of a plan to clear up a flaw in the market that left the cost of CO2 permits well below the level needed to stir investments in green energy. Read the full article on the Bloomberg website.