Oct. 9 (Bloomberg) -- The European Parliament is unlikely to bring forward its first vote on a change to the European Union emission trading law that would enable curtailing an oversupply of carbon permits, a member of the assembly said.
“It’s difficult,” Peter Liese, a German Christian Democratic member of the parliament, told a seminar in Brussels today. “I’d not be honest if I promised that we could accelerate the vote. It’ll probably be the timetable that has been circulated.”
The parliament’s environment committee, of which Liese is a member, is scheduled to vote on the amendment to the EU emissions trading legislation on Feb. 19. The committee decision will be followed by a vote by the whole assembly and will then require qualified majority support by national governments in a process known as co-decision.
“Co-decision in the parliament normally takes at least nine months and most of the time is more than one year,” Liese said today. “To speed it up now is possible but to speed it up more than the timetable that has been adopted is very difficult.”
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