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German election seen as boost for EU emissions trading scheme fix

2013-09-25 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

United Press International: The results of this week's German federal elections could pave the way for a fix of the European Union's carbon emissions trading scheme, analysts say. The European Commission is seeking emergency measures to "backload" carbon allowances from the market in a bid to bolster their low prices, which is hamstringing their ability to persuade polluters to invest in green technologies. The government of German Chancellor Angela Merkel had been undecided on whether to support the backloading proposal,...

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