The future by European carbon market ?

The oil market collapse is opening a new debate in Europe about strengthening the carbon market, a key tool in the region’s bid for climate neutrality.

European Union energy ministers are set to discuss on Tuesday the security of supplies and the role of the industry in a plan for an economic recovery from the coronavirus pandemic.

The joint shocks of the viral outbreak and record low oil prices hit the energy markets shortly after the EU announced its Green Deal. That has prompted France to urge bolstering the bloc’s carbon market through measures including a floor price.

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