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EU plans new measures to prevent ETS 2 from driving up carbon prices. (Photo: iStock)
To ease concerns over potential price surges and volatility in the carbon market, the European Commission has pledged to design additional safeguards for the upcoming Emissions Trading System 2 (ETS 2) on Oct. 21. These may include releasing extra emission allowances, auctioning permits earlier than planned, and providing upfront financing opportunities.
Before the announcement, some EU member states had urged the Commission to postpone the launch of ETS 2 to 2030 to avoid placing excessive pressure on energy-poor nations.
