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EU parliament rejects plan to boost carbon trading

Posted on 17 April 2013

The European Parliament has rejected a plan to rescue the EU’s ailing carbon trading scheme. Members narrowly voted against a so-called “backloading” proposal that would have cut the huge surplus of allowances currently being traded.
Because of this excess, the price of carbon on the EU Emissions Trading Scheme (ETS) has plunged to less than 5 euros a tonne.But opponents won the day by arguing the plan would push up energy costs…………………………………….Full Article: Source


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