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Thirty Firms Urge EU Policymakers to Save Carbon Market: Letter

(Reuters)

Thirty firms and organizations have written to European policy-makers urging them to vote in favor next week of a plan to support the European Union's Emissions Trading Scheme (ETS), which has sunk to record lows.

A European Parliament committee votes on February 19 on whether to back a Commission plan to remove some of a huge surplus of carbon allowances from the EU ETS.

Opposition to the proposal has been led by heavy industry and EU member Poland, which is highly dependent on carbon-intensive coal and argues there is no case for intervention in the market.

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