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Carbon-market reserve numbers published by EU Commission

( May 16, 2019, 14:04 GMT | Official Statement) -- MLex Summary: In September this year, 3.9 billion carbon permits will be added to a reserve designed to smooth market fluctuations instead of being auctioned by EU member states, according to an EU analysis published today. Starting from January 2019, extra carbon allowances — calculated on a threshold of 833 million — have been added to the “market stability reserve” with the aim to rebalance trade on the Emissions Trading System, where for years supply had outstripped demand, creating a weak incentive to reduce emissions.Full text attached. ...

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