COP25: Germany to enshrine EU carbon permit cancellations in coal phaseout law -official

Published 12:09 on December 9, 2019  /  Last updated at 21:24 on January 30, 2020  /  EMEA, EU ETS  /  No Comments

Germany will cancel a yet-to-be-determined number of EU carbon allowances to offset the impact of its coal phaseout, the government confirmed on Monday, allaying concerns that Europe’s top emitter could flood the market with unused permits.

Germany will cancel a yet-to-be-determined number of EU carbon allowances to offset the impact of its coal phaseout, the government confirmed on Monday, allaying concerns that Europe’s top emitter could flood the market with unused permits.

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