Will a 'set-aside' save the EU carbon markets?

Set-aside: an intervention too far?

EU ETS - structural issues

The future of the European Union Emissions Trading Scheme (EU ETS) – which is currently undergoing something of an existential crisis as the price of carbon is too low to stimulate investment in clean energy – now depends on what changes are made to the structure of the market in Phase III, beginning in 2013, say market experts.

Several initiatives have been put forward as potential ways of kick-starting the market and raising prices but the one gaining the most momentum is the introduction of a