Guardian: Europe's climate chief vowed on Wednesday to fight on to save the EU's flagship environmental policy, the emissions trading system (ETS), after a serious blow on Tuesday when MEPs rejected reforms aimed at repairing the ailing system.
MEPs voted 334 against to 315 in favour of "backloading" the market - a proposal aimed to reverse the plummeting price of carbon that has resulted from a surplus of permits in the ETS market - leading the price of carbon to fall by almost half to under EUR3 on Tuesday....