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EU lawmakers plan to guard carbon market from hard Brexit

September 17, 2017 by Ronjoy Bezbarua

(Source: Reuters) European lawmakers will vote this week on a plan to protect the carbon market against a collapse of Brexit talks, which they fear would crash the price of tradable emissions permits. The bill was prompted by mounting concern that Britain could fail to reach at least a transitional trade deal with the European Union before its scheduled departure from the bloc less than two years from now. Britain is the second-largest emitter of greenhouse gases in Europe and its utilities are among the largest buyers of permits in the EU’s Emission Trading System (ETS), which charges power plants and factories for every ton of carbon dioxide (CO2) they emit. Read full article….

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