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EU's carbon market suffers after parliamentary vote

2013-01-24 11:54:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: EU carbon prices briefly slid 40 percent to a record low after politicians opposed plans to support the market, raising concerns prices could hit zero and sending a warning to European governments to pull together in lowering carbon emissions. Prices in the EU's Emissions Trading Scheme (ETS) on Thursday dropped to 2.81 euros a metric ton (1.1023 ton) after a vote in the European Parliament's energy and industry committee opposing a scheme known as "backloading" to support prices by extracting...

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