Climate News Network: The European Union's failing carbon market has been thrown a lifeline by the European Parliament's Environment Committee. It has backed the Commission's plan to prop up the price of a ton of carbon by withdrawing an oversupply of credits from the market.
Carbon trading is one of the major EU policies designed to combat climate change. But a combination of successful lobbying by industry bodies, political interference and lack of economic growth has brought the scheme close to collapse, so that...