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EU parliament sticks to slow carbon reform timetable

Tue, 10/16/2012 - 10:25am
Reuters

BRUSSELS (Reuters) - EU politicians have ignored European Commission efforts to hasten plans to bolster the bloc's carbon trading scheme (ETS), in which prices have plunged under a burden of surplus allowances generated by recession, EU sources said on Tuesday.

That means one European Parliament vote, as part of the proposals to prop up the Emissions Trading Scheme (ETS), will not take place until February, after the start of the next phase of the market, which runs from 2013-2020.

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