EU Carbon-Permit Set-Aside Option Backed by Parliament Panel
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The European Parliament’s industry committee endorsed the option of withholding some carbon-dioxide permits to bolster prices in the world’s biggest emissions-trading system.
The committee voted today in Brussels to amend a planned European Union energy-efficiency law by saying that EU regulators should put forward, “if appropriate,” measures that “may include withholding of the necessary amount of allowances” from auctions as early as next year. Prices in Europe’s cap-and-trade system dropped to a record last month because of oversupply.