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

Comments

Let's discuss. We'd love to hear your thoughts, questions or feedback below.
Read more about the Comments guidelines here

All Comments (0)

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

Tags

Ad

Related articles

Ad
Ad