Europe rejects ETS reform proposal
19 Apr 2013

The European Union’s flagship scheme for cutting carbon emissions suffered one of the most serious setbacks in its chequered history this week when members (MEPs) voted against a proposal to shore up the price of carbon in the Emissions Trading System.
The proposed reform – known as "backloading" – aimed to reverse the plummeting price of carbon that has resulted from a surplus of permits in the ETS market.
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