Reuters: More banks and trading houses could abandon Europe's carbon market, making government auctions of permits more likely to fail, after the European parliament on Tuesday rejected an emergency measure to prop up prices.
Prices for EU carbon permits under the Emissions Trading Scheme (ETS) fell 40 percent to under 3 euros on Tuesday after lawmakers rejected a plan to temporarily cut permit supply by 15 percent for fear that higher carbon prices would cost European jobs and harm economic growth.
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