EU energy ministers split on ETS rescue

Member countries did not manage to reach a deal to revive the EU's ailing emissions trading system.

EU's medlemslande er fortsat meget uenige om kvotehandelssystemet. Men i det mindste er de enige om, at det ikke virker nu, siger klimakommissiær Miguel Arias Canete. | Photo: EU

The carbon market appears to still be a point of contention among EU member countries. Monday's minister council meeting was the first attempt for the EU's climate, environment and energy ministers to find common ground on a plan to save the Emissions Trading System (ETS), where prices have long flailed below EUR 5 per emitted ton of climate gas.

"We wanted to reduce this uncertainty and give the market a clearer signal, but unfortunately we were not able to do that because of political differences," said the Slovakian minister László Sólymos, according to Climate Home.

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