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EU Parliament committee passes revised emissions trading scheme fix

2013-06-20 23:02:00| Climate Ark Climate Change & Global Warming Newsfeed

United Press International: A European Parliament committee this week threw a lifeline to the beleaguered EU emissions trading system, passing a revised measure to "backload" allowances. The EP's Environment Committee Wednesday overwhelmingly approved a bill that makes changes in to a proposed fix for ETS that was rejected by the 754-member plenary body in April. The revised proposal contains compromises meant to make the plan to manipulate the struggling open market for the allowances more acceptable to EP members who...

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