30.08.2013 - EU narrows down carbon-market overhaul options, climate action commissioner says
The European Union's regulatory arm is winnowing down the options for a long-term overhaul of the world's biggest carbon market and aims to make a decision in the coming months, EU Climate Action Commissioner Connie Hedegaard said. The European Commission has floated several scenarios to help curb a record glut of emission permits and boost the price of carbon in the bloc's 54 billion ($72 billion) Emissions Trading System, where prices slumped to an all-time low in April...............................................Full Article: Source
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