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EUs Attempt to Curb Carbon Emissions Limps On

2013-02-23 16:30:00| Climate Ark Climate Change & Global Warming Newsfeed

Climate News Network: The European Union's failing carbon market has been thrown a lifeline by the European Parliament's Environment Committee. It has backed the Commission's plan to prop up the price of a ton of carbon by withdrawing an oversupply of credits from the market. Carbon trading is one of the major EU policies designed to combat climate change. But a combination of successful lobbying by industry bodies, political interference and lack of economic growth has brought the scheme close to collapse, so that...

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