IHS Chemical Week

EnviroTech :: Regulatory

European Parliament votes against freezing carbon dioxide quotas

5:07 AM MDT | April 18, 2013 | Michael Ravenscroft

Members of the European Parliament (MEP) voted Tuesday against a proposal to temporarily freeze an auction of carbon dioxide (CO2) emission quotas—known as back-loading. The European Commission had proposed to postpone the auctioning of 900 million EU Emissions Trading System (ETS) allowances, dubbed polluter’s permits, from 2013–15 until 2019–20. The measure was designed to rebalance supply and demand and to reduce price volatility without significant impacts on competitiveness. A majority of MEPs clearly feel that fiddling with...

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