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Parliament committee votes to prop up EU's ailing carbon market

2013-06-24 06:17:00| Climate Ark Climate Change & Global Warming Newsfeed

EurActiv: The European Parliament's Environment Committee has given its support to a compromise plan to boost the price of allowances on the EU's carbon market. To become law, the proposal to temporarily remove some of the glut of permits that has weighed on prices still needs to win backing from a plenary session of the parliament next month in Strasbourg, and from EU member states. Traders said the market had already priced in a positive vote and allowances on the EU Emissions Trading System (ETS)...

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