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Carbon Market Fate in Europe Hangs on EU Vote to Fix Surplus

2013-02-19 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: European Union lawmakers may determine the fate of the worlds biggest carbon market when they vote today on a proposal to cut a record surplus of emission permits that has pushed prices to an all-time low. The European Parliaments environment committee is considering an amendment to EU emissions trading law that will enable sales of some carbon allowances to be delayed until the end of the decade, a process known as backloading. The panels non-binding opinion, due after 9 a.m. in Brussels,...

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