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Europe Braces for Verdict on Climate Chiefs Carbon Plan

2013-04-15 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: The European Unions 54 billion- euro ($71 billion) carbon emissions cap-and-trade system may be undermined if the blocs Parliament votes against Climate Commissioner Connie Hedegaards temporary rescue plan tomorrow. The strategy, known as backloading, would delay the issuing of some new permits under the EU emissions trading system, or ETS, which imposes pollution limits on about 12,000 power plants and factories across the region. The euro areas recession has cut demand, exacerbating a glut...

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