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EU struggles to fix faltering carbon trading scheme

Posted on 13 May 2013

A plan to bolster the flagging price of permits to emit carbon dioxide that are traded in the EU’s Emissions Trading System (ETS) appeared dead last month after being voted down by the European parliament. But now, less than a month later, supporters say momentum is growing to reintroduce the plan for another vote, possibly as early as July.
The plan, which parliament rejected on 16 April, would have delayed the introduction of 900 million carbon allowances into the ETS, the cornerstone of EU efforts to reduce industrial greenhouse gas emissions. But what seemed a bitter defeat in April for supporters, is now, in retrospect, starting to look like an unlikely victory…………………………………..Full Article: Source


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