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EU Parliament environment committee reaffirms support for emissions-trading fix

7:27 AM MDT | June 25, 2013 | Michael Ravenscroft

Members of the environment committee of the European Parliament have approved for a second time a freeze—backloading—on the auctioning of some carbon dioxide (CO2) emission permits, after the measure was narrowly rejected by the full house in April. The growing surplus of CO2 emission permits—a result of challenging economic conditions and initial oversupply—has resulted in the carbon price falling well below what was estimated when the European Union created its emissions trading system (EU ETS). Members of the European Parliament's...

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