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...
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