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EU Commission sends governments impact assessment for carbon-market reserve

( January 27, 2014, 16:59 GMT | Official Statement) -- MLex Summary: The European Commission has sent EU governments its impact assessment of a reserve mechanism for the bloc's emissions trading system. The long-term revamp of the carbon market would come into force from 2021 and would lead to 12 percent of allowances on the market being added to a reserve each year, provided there are at least 100 million permits on the market. If the number of allowances in the ETS drops below 400 million, 100 million permits would be released from the reserve automatically.Executive summary of impact assessment attached below:...

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