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Carbon market debate leans towards tighter pollution cap

Fri, 03/01/2013 - 8:25am
Reuters

BRUSSELS (Reuters) - Hours of debate on reform of the European Union's Emissions Trading Scheme on Friday showed support for tighter annual pollution limits, but hardly any backing for a change to an overall EU 2020 goal on carbon cutting.

Both measures would reduce the oversupply of carbon allowances, which pushed the EU ETS to a record low of less than three euros per tonne earlier this year.

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