At what prices does Article 29a make Brussels step in ?
The EU carbon price is around €85. At what price does Article 29a make Brussels step in? Article 29a trigger under today's law: about €180. Under Parliament's rapporteur, Peter Liese: about €97. Under MEPs on the industry committee: €40. Under S&D and the Greens: no amendment filed. Trigger levels as of 6 October, not price forecasts. Article 29a is the ETS price brake: when the price runs too far, too fast, allowances come out of the reserve.