EU Carbon Fix on Track for April Parliament Vote, Groote Says

The European Union’s plan to tackle a glut of emission permits is on track to be voted by the full EU Parliament in mid-April, Matthias Groote, the lawmaker in charge of the draft measure, said after it won approval by a panel he chairs.

“My role is to build a majority for the proposal,” Groote, head of the European Parliament’s environment committee, said in an interview today in Brussels. “There is no alternative to the EU emissions-trading system and more and more colleagues realize that.” His committee supported a compromise version of the carbon-fix plan.

Groote, a German Socialist, said he will continue discussions with different political groups in the 754-seat assembly after the environment panel postponed for about a week a separate decision on whether to give him a mandate to start negotiations with EU national governments on a carbon-fix agreement. Groote declined to speculate about whether he would win the mandate, which would allow for a fast-track EU accord by limiting the number of times the full Parliament would have to be consulted.

The original plan proposed by the European Commission, the 27-nation EU’s regulatory arm, to delay sales of some carbon permits has divided Parliament members, national governments and the industry.

“I want to bring all colleagues on board,” Groote said. “It is not a hot potato, it’s a democratic question and I want to bring it to success.”

To contact the reporter on this story: Ewa Krukowska in Brussels at ekrukowska@bloomberg.net

To contact the editor responsible for this story: Jonathan Stearns at jstearns2@bloomberg.net

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