Zero carbon prices wouldn't spell the end

A €0 carbon price – not beyond the realms of possibility – would be temporary if the EU can agree an economy-wide emissions cap which sets an ambitious trajectory from 2020. Time to pick the right fight.

The European Commission can win significant gains from defeat on its carbon market reform if it can extract concessions for a more ambitious scheme from 2020.

The European Parliament energy and industry committee on Thursday rejected the Commission's planned, modest boost to carbon prices, spotlighting the mountain it has to climb.

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