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Setback for EU ETS reform as MEPs vote against proposals

MEPs set back progress on reforming the EU’ Emissions Trading Scheme (EU ETS) in January when they voted against proposals for a so-called Market Stability Reserve (MSR).
The reserve aims to raise the price of emissions in the scheme by removing 12%  of the current surplus each year. At the same time it aims to reduce volatility by  holding the removed allowances in a reserve that can be used to dampen price swings.

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