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Europes carbon credit oversupply could worsen

2013-07-11 22:59:00| Climate Ark Climate Change & Global Warming Newsfeed

Energy Live: The oversupply of carbon credits in the European Unions carbon trading scheme could worsen. Thats the view of ratings agency Fitch in response to the MEPs` decision to temporarily withdraw 900 million permits in the EUs Emissions Trading System (ETS) last week. Giving its verdict on the European Parliaments vote to hold back carbon credits, Fitch suggested that in the short term is likely to push their prices up if the move gains traction but wont kill off coal power. It pointed...

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