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EU carbon trading survives key vote

2013-02-22 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

United Press International: The beleaguered EU carbon emissions trading system survived a key vote in the European Parliament this week, in which MEPs agreed to "backloading." The Parliament's Committee on Environment, Public Health and Food Safety, ENVI, voted by a substantial margin Tuesday to endorse the European Commission's call to backload, or withhold, 900 million tons of carbon allowances that were set to be auctioned for the 2013-15 period. The total -- amounting to about one-quarter of the planned auction --...

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