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Carbon falls as EU rejects fix

2013-04-17 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: European Union politicians rejected a plan to prop up the world's biggest carbon market on Tuesday, sending it plunging to a new record low and raising questions about its survival. After months of bitter debate, a plenary session of European Parliament in Strasbourg, France rejected by 19 votes a commission proposal to temporarily remove some of the oversupply that has overwhelmed the market for permits to emit carbon dioxide. Ireland, that holds the rotating EU presidency, said support for the...

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