Thursday, July 04, 2013

Europe Approves Emissions Trading System

The European Parliament approved on Wednesday a measure intended to revive sagging prices and confidence in the European Union’s emissions trading system, the centerpiece of Europe’s effort to cut greenhouse gases and a model for similar systems around the world.
The vote had taken on symbolic importance because Parliament had rejected a similar proposal in April. That vote threatened the carbon trading system, which has been emulated globally as a way of using markets to curb greenhouse gases.

Europe Approves Emissions Trading System


Ina Fassbender/Reuters Wind turbines and a coal power plant in Germany. Europe approved a measure aimed at raising carbon permit prices.

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