Energy Markets
EU countries demand stricter control on new CO2 prices
A document obtained by revealed that Germany, the Czech Republic, and 14 other nations have asked the European Union to introduce stricter controls on the new carbon market of the bloc, out of fear the policy would increase consumer bills. The paper, with support from enough countries for the "qualified majority" required to pass EU legislation, aims at pressuring the European Commission to alter the EU carbon market, due to be launched in 2027, for fuels used to heat and transport vehicles. The paper stated that improvements should be made prior to the launch of the market to address legitimate...