Climate Adaptation
Oil Crisis Prompts Call to Bolster World’s Top Carbon Market
- France seeks carbon floor price and stronger supply controls
- EU energy chief wants key role for Green Deal in recovery
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The oil market collapse is opening a new debate in Europe about strengthening the carbon market, a key tool in the region’s bid for climate neutrality.
European Union energy ministers on Tuesday discussed security of supplies and the role of industry in a plan for economic recovery from the coronavirus pandemic. Energy Commissioner Kadri Simson called on national governments to keep the Green Deal the centerpiece of the rescue packages.