Ad
The steel industry is one of the sectors in Europe that falls under the emissions trading system. (Photo: Renate Meijer)

EU market mechanism to boost carbon price

A market mechanism, which will regulate the number of available carbon credits, will start operating on 1 January 2019. Negotiators from the EU's governments and the European Parliament reached a deal on Tuesday (5 May) for the so-called market stability reserve.

The reserve is expected to boost the price of polluting by making the credits more rare.

European companies from specific sectors – including power and heat generation, steel, cement, and ceramics – need to hand over per...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here
Ad
Ad