Carbon prices shot up by as much as 20 per cent after a whisker-thin vote in the European Parliament in favour of propping up the world’s biggest emissions trading scheme.
The 292-289 vote on Thursday proved a brief piece of welcome news for the ailing EU market, which has suffered a disastrous meltdown over the past year thanks to the weak economy and a glut in the supply of carbon allowances………………………………….Full Article: Source