Energy & Science
Carbon Market’s Virus Blow Softened by Brussels Technocrats
- ICIS cuts emissions estimate for 2020 by more than a fifth
- Carbon prices were weakening even before pandemic hit economy
Photographer: Tomohiro Ohsumi/Getty Images
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The carbon market’s automatic stabilizers are set to kick in, softening the blow of the economic slump in the European Union caused by the spread of the coronavirus.