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EU uncertainty likely to affect global carbon markets

2013-04-30 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

RTCC: The head of the worlds only global emissions trading scheme (ETS) says EU climate ambition is central to ensuring carbon markets are a success. In an email interview with RTCC, Peer Stiansen, the new chairman of the UN`s Clean Development Mechanism (CDM) Executive Board, warns the EU ETS was critical in development of the mechanism. The recent down-turn in the EU ETS highlights the urgency of identifying or developing additional sources of demand for CDM units, he writes. And despite...

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