EU Leaders Order Carbon Market Fitness Review

By Matt Thompson (October 22, 2021, 10:17 AM BST) -- European Union heads of government have approved plans to examine the functioning of the bloc's carbon emissions market, following Poland's request for a financial transaction tax on trades made under the EU's trading system.

European Council President Charles Michel, right, and European Commission President Ursula von der Leyen speak at the EU summit in Brussels on Friday. The council has instructed the commission to review the bloc's carbon-trading system. (AP Photo/Olivier Matthys, Pool)

In a statement issued late Thursday, the bloc's leaders invited the European Commission, the EU's executive branch, to bring forward regulatory measures to dampen financial speculation about the...

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