EU Parliament Vote Renews Hope for Future of EU Emissions Trading Scheme
Law Columbia
JULY 16, 2013
By Yan Gu, Summer Intern. The European Parliament recently voted through a temporary plan to delay the auction of hundreds of millions of EU emission allowances (EUAs) for several years, in order to avoid flooding the market with new allowances while prices are near historic lows. This decision allows what is known as the “back-loading” proposal to proceed to further negotiations with the European Council to reach a commonly approved text that could become law in the future.
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