British government declines to intervene in carbon market after cost containment triggered

Published 17:24 on December 14, 2021  /  Last updated at 00:19 on December 15, 2021  /  EMEA, EU ETS, UK ETS  /  No Comments

The UK will not introduce additional supply to calm allowance prices in the country's carbon market after the scheme's Cost Containment Mechanism (CCM) was triggered last month, the government said late Tuesday.

The UK will not introduce additional supply to calm allowance prices in the country’s carbon market after the scheme’s Cost Containment Mechanism (CCM) was triggered last month, the government said late Tuesday.

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