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Commission seeks to speed up EU carbon market remedy

Fri, 10/05/2012 - 6:25am
Reuters

BRUSSELS (Reuters) - Talks are under way to hasten a deal to prop up the European Union's ailing carbon trading scheme, a senior European Commission official said on Friday.

Traders of allowances on the EU Emissions Trading Scheme (ETS) have been waiting for months for details and decisions on Commission plans to hold back some of the massive surplus of carbon allowances that has depressed the market.

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