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EU Commission to publish ETS plan next week

Fri, 07/20/2012 - 6:25am
Reuters

BRUSSELS (Reuters) - The European Commission confirmed on Friday it will announce plans to withhold carbon allowances to support the Emissions Trading Scheme (ETS) at a meeting on July 25.

At the same meeting, the Commission, the EU's executive, will adopt a proposal clarifying an article of the ETS law on the timing of auctions of permits. The steps are designed to bolster a market that has fallen to record lows.

Commission spokeswoman Pia Ahrenkilde-Hansen said the Commission would "transmit to member states a draft for a future adaptation of the timing when emissions allowances would be auctioned."

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