EU Carbon Permit Set-Aside to Be Decided in Clear-Cut March Vote
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The European Parliament is likely to decide in a “clear-cut” vote at the end of March whether to back a draft amendment urging a temporary cut in the supply of carbon allowances, according to a member of the Parliament.
The Parliament’s committee on industry, known as ITRE, will vote February 28 on amendments to the European Union energy efficiency law, said Claude Turmes, who is in charge of drawing up a report on the directive in the committee. Deputies from the Parliament’s environment committee last month recommended ITRE support their amendment calling on the EU to propose withholding a “significant amount” of allowances from the bloc’s emissions-trading system as of 2013 to shore up prices.