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After Failed Attempt in April, Europe Approves Emissions Trading System

2013-07-04 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

New York Times: The European Parliament approved on Wednesday a measure intended to revive sagging prices and confidence in the European Unions emissions trading system, the centerpiece of Europes effort to cut greenhouse gases and a model for similar systems around the world. The vote had taken on symbolic importance because Parliament had rejected a similar proposal in April. That vote threatened the carbon trading system, which has been emulated globally as a way of using markets to curb greenhouse gases....

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