European Parliament votes for backloading
22 Feb 2013
Lawmakers on the European Parliament’s environment committee voted by 38-25 in favour of an amendment in support of the EU’s ‘backloading’ plans for the Emissions Trading System, throwing a lifeline to the crisis-hit carbon market.
The vote opens the way for further moves to raise flat-lining carbon prices by backloading (or withholding) 900 million allowances from auction, so creating a market scarcity.
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