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‘Strengthened’ ETS needed for low-carbon economy in 2050, EC draft says

By Peter Koh ( February 15, 2011, 11:02 GMT | Insight) -- The EU may have to accelerate the rate at which it cuts the number of CO2 allowances it issues every year, if it is to meet its pledge to reduce greenhouse-gas emissions by 80-95 percent from 1990 levels by the middle of the century, says a European Commission draft document obtained by MLex.The EU may have to accelerate the rate at which it cuts the number of CO2 allowances it issues every year, if it is to meet its pledge to reduce greenhouse-gas emissions by 80-95 percent from 1990 levels by the middle of the century, says a European Commission draft document obtained by MLex....

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