Fast-Track EU Carbon Fix Gets Approval From EU Parliament
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The European Parliament agreed to speed up the approval of a carbon-market rescue plan, enabling an intervention aimed at bolstering prices to begin as soon as this quarter.
Carbon permits for December jumped 6.2 percent to close at 6.54 euros ($10.69) a metric ton, the highest in more than a year on the ICE Futures Europe exchange in London, after lawmakers today in Strasbourg, France, endorsed the plan 306 votes to 276, with 14 abstentions.