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Breaking: European Parliament back plans to push up carbon price

2013-07-03 12:42:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: The European Parliament has approved plans designed to boost the EU's carbon market and drive green investment by tackling the glut of allowances that have sunk the price of CO2 to record lows this year. MEPs in Strasbourg today voted in favour of "backloading" proposals at a plenary vote in Strasbourg, approving plans for the European Commission to temporarily postpone the auction of 900 million allowances for the bloc's Emissions Trading System (ETS). The proposals were agreed as a compromise...

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