ECONOMY

Athens said to support EU law on removing CO2 permits

European Union diplomats on Friday agreed to begin talks on a legal text to slash permit supply and prop up carbon prices in the bloc’s Emissions Trading Scheme (ETS), marking a big step forward for the divisive proposal.

Greece had previously said it was opposed to it, but a government source in Brussels said Athens had “changed its mind” and is likely to support the measure. [Reuters]