EU lawmakers seek to beef up cap-and-trade system PDF  | Print |  E-mail
Written by By Associated Press   
Tuesday, 19 February 2013 12:22

BRUSSELS (AP) — European lawmakers are proposing to tighten the bloc's cap-and-trade system to make carbon dioxide pollution more expensive.

The European Parliament's environment committee voted in favor of a change Tuesday that would allow the EU Commission, the bloc's executive arm, to tighten the supply of pollution rights.

The price for the emission allowances has dropped significantly since their introduction amid lower-than-expected demand as the European debt crisis took its toll on the economy, thus slashing a financial incentive for companies to invest in low-carbon technologies.

The committee's decision needs to clear another parliamentary hurdle next week, with the EU's 27 governments then possibly deciding on it in March.

Environmentalists say reform is the only way to save the cap-and-trade system, but industry groups reject the proposed changes as political maneuvering.


Copyright 2013 The Associated Press.

 

Front Page Stories

Perrysburg Twp. Man Sentenced to 22 Years for Rape
07/24/2014 | Sentinel-Tribune Staff

A Perrysburg Township man was senteced to more than 22 years in prison after being found guilty Thur [ ... ]


Vigil set for BGSU student
07/24/2014 | Associated Press

CLEVELAND (AP) — A vigil for a Bowling Green State University student who was found dead in Lorain [ ... ]


Other Front Page Articles