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Backloading carbon market fix poised to become law

Posted on 26 February 2014

Long drawn out plans to revive Europe’s ailing carbon market could finally become law tomorrow, after EU ministers backed plans to withold millions of emissions allowances. All three of the EU’s law making bodies have now backed a temporary fix to the Emissions Trading System, meaning the Commision can now register the plans as law.
After months of fraught negotiations and failed votes, MEPs finally approved the so-called backloading plan in December last year, allowing the temporary delay in the auctioning of 900 million allowances for the EU emissions trading scheme (ETS) over the next two years………………………………………..Full Article: Source


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