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Chemical Week Magazine :: Regulatory

European Council ready to negotiate with parliament over market stability reserve

11:27 AM MDT | March 26, 2015 | Michael Ravenscroft

The presidency of the European Council, the institution of the heads of state or government of the member states of the European Union, currently held by Latvia, has a mandate to start negotiations with the European Parliament on the establishment and operation of a market stability reserve (MSR). A decision in support of establishing the MSR would pave the way for reform of the EU Emission Trading System (EU ETS) for greenhouse gas (GHG), the council says. The aim of the EU ETS is to reduce GHG emissions in an economically efficient manner. The EU ETS, which...

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