The lead lawmaker steering the overhaul of the European Union’s carbon market is set to propose some temporary opt-outs from a planned extension of the cap-and-trade program as soaring energy prices send shockwaves through the region’s economy.
German lawmaker Peter Liese, who is leading the reform through the European Parliament, is outlining temporary exemptions from a new market for heating and transport fuels, according to a draft report seen by Bloomberg News. He’s also planning an amendment to bring forward the start of the new program by a year to 2025.
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