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Crunch vote nears that could kill EU carbon fix

2013-04-12 11:29:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Months of bitter argument culminate next Tuesday in a make-or-break vote on an attempt to prop up the European Union carbon prices, which plunged to record lows earlier this year. A proposal put forward by the European Commission last year to remove temporarily some of the glut of carbon allowances that has depressed the Emissions Trading Scheme (ETS) was meant to be a quick and easy fix. But opinion is deeply divided and EU sources say a defeat in a plenary session of the Strasbourg parliament...

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