Environment Committee MEPs today voted a draft legislation allowing a freeze in the auction of some pollution allowances with a view to help boost green investments. In specific, the increasing surplus of pollution allowances due to the initial oversupply and the financial crisis, has led to a major decrease in carbon price well below levels estimated when the EU emissions trading system (ETS) was established.

As Environment Committee chairman Matthias Groote (S&D, DE), who is steerin...


This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now