28.06.2011 - EU stands by carbon trade in climate fight
The EU Commission stood by its carbon trading scheme on Monday although prices have fallen more than a quarter in four weeks and a fresh glitch, forcing a suspension of contract settlements, underlined technical problems. "No single instrument will allow us to successfully address the climate challenge," Jos Delbeke, director general of the commission's climate action division, said in a statement...............................................Full Article: Source
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