EU Nations to Push for Delay to Controversial New Carbon Market

A group of European Union countries will call on Commission President Ursula von der Leyen to delay the start of a controversial new carbon market designed to cut emissions from buildings and road transportation.

Cyprus and a group of predominantly central and eastern EU member states will request a three-year delay to the so-called ETS2 market to 2030, according to a draft letter seen by Bloomberg News. Leaders are due to meet in Brussels next week to discuss the bloc’s climate targets.

“We are compelled to convey our deep concern regarding the current design and implementation timetable,” the group said ...