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EU’s Groote to Seek Parliament’s Fast Approval of CO2 Fix

Matthias Groote, head of the European Parliament’s environment committee, will seek a faster approval of the European Union carbon-market fix in a plenary decision that may be taken in the second half of next month.

The EU emergency plan to prop up carbon prices, which would temporarily curb supply of allowances at auctions, needs to get final clearance from the Parliament and national governments to be implemented. The European Commission, the EU’s regulatory arm, asked policy-makers earlier this month to accelerate the scrutiny, which would normally take until April, to enable the start of the plan in the first quarter.