Carbon Plunges as EU Panel Delays Vote on Fast-Track Market Fix
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Carbon prices plunged the most in more than three weeks after the European Parliament’s environment committee postponed a decision to seek fast-track approval for a plan to fix a record surplus of emission permits.
The panel backed in a non-binding vote a compromise proposal to reduce the supply of European Union carbon permits, though a separate decision on authorizing its chairman to start talks with member states was delayed until the committee’s next meeting on Feb. 25 and Feb. 26. EU carbon futures for December fell as much as 20 percent.