He made the comment at the House of Commons launch this week of UK campaign group Sandbag’s annual report on environmental prospects for the ETS.
The report, Losing the lead? Europe’s flagging carbon market, argues that the European Commission (EC) would have to withdraw 3.1 billion allowances from the scheme to restore the price of carbon to a level where it could “powerfully revive the incentives for low-carbon investment”.
The
