Bloomberg: President Barack Obamas call for Congress to act on climate change may embolden European Union policy makers to fix the blocs ailing carbon market, said the president of the International Emissions Trading Association.
A proposal for stricter emissions rules in northeast America may also provide the impetus for EU nations to tackle the oversupply of carbon allowances in the worlds biggest cap- and-trade market, Dirk Forrister, president of the Geneva-based lobby group, said yesterday.
EU...