EC votes to ‘backload’ carbon credits

Jan 10, 2014 | 08:16 AM | Elfi Middelbeek

Tags  carbon emissions allowances, carbon credits, European Commission, climate change committee, Connie, Hedegaard, European Parliament, Wirtschaftsvereinigung Stahl Eurofer

LONDON — The European Commission’s climate change committee approved a proposal to temporarily withhold, or "backload," carbon emissions allowances in a vote Jan. 8.

The vote suggests that the commission is very close to implementing legislation that would allow the postponement of the sale of 900 million allowances in the emissions trading system between now and 2020.....

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