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Lawmakers to test EU's five billion euro carbon permit giveaway

2014-09-16 20:22:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: European lawmakers will vote next week on whether to force Brussels officials to rethink giving billions of euros worth of carbon allowances away for free to heavy industries, after a senior Green member lodged an objection. The European Commission, the EU's executive, in May proposed that the vast majority of industry sectors should keep getting most of their allowances for free over 2015-2019 to help meet their obligations under the EU Emissions Trading System (ETS). The ETS regulates around...

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