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Quick fix to EU carbon scheme expected in weeks

NICOSIA/LONDON (Reuters) - A planned quick fix to the European Union's Emissions Trading Scheme is expected to emerge over the coming weeks as a first step to the deeper reforms urgently sought by environmental and some business campaigners.

NICOSIA/LONDON (Reuters) - A planned quick fix to the European Union's Emissions Trading Scheme is expected to emerge over the coming weeks as a first step to the deeper reforms urgently sought by environmental and some business campaigners.

The European Commission has yet to confirm the date when it will publish details of a review of the EU ETS, including delaying the auction of some allowances to reduce a huge surplus that has kicked carbon prices down to record lows.

SOURCE