19.05.2011 - European union delays vote on carbon trade, sales from $7 bln reserve
The European Union said it will discuss proposed changes to carbon-registry rules with member states tomorrow and will call a vote on the issue in June, a month later than originally planned. The regulation designed by the European Commission, the EU executive in Brussels, will improve protection against abuse and fraud in the region’s carbon market and facilitate the creation and transfer to the European Investment Bank of permits from a special post-2012 reserve valued at around 5 billion euros ($7 billion)..............................................Full Article: Source
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