BRUSSELS (Reuters) - The European Commission will publish in November its EU Emissions Trading Scheme (ETS) market review, as part of plans to tackle a huge surplus of carbon permits that has depressed the market, an EU source said on Tuesday.
The Commission has already announced proposals to withhold temporarily some of the surplus permits, but member states have yet to agree to the plan.
In addition, the EU executive has said it will lay out options for wider, longer term reform and these will be presented at the same time as a carbon market review.
