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Corporate giants demand EU carbon market action

2013-02-14 11:48:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: More than 30 leading companies from across Europe have called on EU policy makers to back moves to bolster the flagging emissions trading scheme (ETS). A European parliamentary committee is set to vote next week on whether to support a so-called backloading plan to boost the carbon price, which would see the sale of 900 million carbon delayed until a later date. The European Commission hopes this backloading will reduce the huge surplus of allowances that has been blamed for driving the price...

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