May 7, 2020 / 7:27 AM / a month ago

EU, Swiss carbon trading link mechanism postponed

LONDON (Reuters) - The launch of a provisional mechanism for the transfer of carbon permits between Switzerland and the European Union’s emissions trading system has been postponed due to the COVID-19 outbreak, the EU Commission said.

The linking agreement between the EU and Switzerland entered into force in January. For linking to happen, the EU Commission wanted a provisional mechanism for the transfer of permits to be in place by May.

However, this has been postponed until September, the Commission said.

Reporting by Nina Chestney; Editing by Jan Harvey

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