At an emergency meeting in Brussels, the EU plans to release additional emissions permits in the near future in anticipation of an increase in fossil fuel emissions. The permits price has fallen by about a third since reaching a record high above 99 euros in August. Carbon prices fell to their lowest level since April this year due to the expected increase in the supply of emissions permits. In the European Parliament, Peter Liese, a senior lawmaker for the biggest political group EPP, proposed that the auctioning of the permits should take place within 12 months after the legislation enters into force.
