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Emissions-trading fix will fail to deliver carbon-capture projects, EU experts say

By Laurel Henning ( June 21, 2016, 11:32 GMT | Insight) -- Repairs to Europe’s carbon market will fail to drive emission prices high enough to spur investments in technology to capture and store carbon dioxide, senior EU experts have said. Revenue raised from auctioning off emission permits is expected to raise up to 10 billion euros for clean technologies. But permits would need to trade at prices almost 16 times higher than today to make carbon storage possible in Europe, they said.Repairs to Europe’s carbon market will fail to drive emission prices high enough to spur investments in technology to capture and store carbon dioxide, senior EU experts have said....

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