EU to submit Emission Trading System reform
(AGI) Turin, June 12 - The European Commission is to submit itsEmission Trading System reform, which establishes a "stabilityreserve". This means it will withdraw from the market thissummer 900 million CO2 emission rights and stabilise theirprice, which is considered to be too low. EU EnergyCommissioner and vice-president of the European Commission,Maros Sefcovic, told AGI, at the World Chambers Congress inTurin: "The technical aspect of the system has been successful.We are consultants to China for their ETS system, but theinitial parameters were not accurate. Moreover, we had notforeseen such a severe