Breaking: crisis looms for carbon market as EU Parliament rejects 'backloading' plan

James S Murray
clock

Businesses and green groups left bitterly disappointed as MEPs reject crucial carbon market reforms

MEPs have voted narrowly to reject plans to bolster the price of carbon in the EU's emissions trading scheme (ETS) by delaying or 'backloading' the sale of 900 million carbon allowances, prompting accusations...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Access our Intelligence Reports and exclusive data-rich studies on business-critical aspects of the green economy (BG Advanced members only)
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Carbon Trading

Voluntary Carbon Market labelling to roll out later this year

Voluntary Carbon Market labelling to roll out later this year

Plan to single out high-integrity credits aims to boost confidence in underfire Voluntary Carbon Market

Cecilia Keating
clock 19 January 2023 • 3 min read
European Union flag flying outside Parliament in Brussels

ETS 2: Are carbon markets about to get serious?

EU agrees sweeping reform package for its emissions trading scheme fuelling hopes it could help accelerate decarbonisation efforts globally

James Murray
clock 19 December 2022 • 7 min read