United Press International: A European Parliament committee this week threw a lifeline to the beleaguered EU emissions trading system, passing a revised measure to "backload" allowances.
The EP's Environment Committee Wednesday overwhelmingly approved a bill that makes changes in to a proposed fix for ETS that was rejected by the 754-member plenary body in April.
The revised proposal contains compromises meant to make the plan to manipulate the struggling open market for the allowances more acceptable to EP members who...