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Carbon Permit Backloading Fight Continues in European Parliament

2013-06-28 12:42:00| Climate Ark Climate Change & Global Warming Newsfeed

ICTS: A European Commission plan to delay the auctioning of millions of carbon permits received a new boost last week, after a European Parliament committee signed off on the proposal. The legislation must still be approved by the full Parliament later this summer, which had rejected an earlier version. The move to delay permit auctions - a practice known as backloading - is aimed at boosting the prices of such permits, which underpin the EU`s Emissions Trading System (ETS). An oversupply of permits,...

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