German member of European Parliament Peter Liese suggested on Wednesday that the European Union release permits held in a carbon market reserve if the price of carbon credits rises above certain threshold.
As part of a major reform of the EU Emissions Trading System, Liese plans to improve a mechanism that prevents excessive price growth. According to the package of amendments he filed to the assembly's environment committee, the additional supply would be authorized, if the average permit price for more than six consecutive months is more than double the average for the two preceding years.
