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US carbon market revamp could show way for struggling EU ETS

2013-02-13 13:59:00| Climate Ark Climate Change & Global Warming Newsfeed

RTCC: While the latest research suggests the EU Emission Trading System (ETS) is headed into the abyss, a healthy US-based system has just proposed targeting yet deeper emission cuts. The EU ETS was damned by Thomson Reuters Point Carbon analysts this week, labelling the collapse in the price to a low of EUR2.81 at the beginning of the month dramatic and enduring. Plans to hold back 900m credits from the next phase of trading are currently under debate in Brussels. Proponents say backloading...

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