EU Carbon Pares Gains After Parliament Sets Carbon Vote
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European Union carbon permits pared gains after the bloc’s parliament scheduled its first vote on a legal change that would enable the bloc to curb a glut of emission allowances later than regulators had planned.
The European Parliament’s environment committee will vote on the measure on Feb. 19 under the “fastest possible timetable,” Matthias Groote, the chairman of the environment committee, said today in a telephone interview. The plenary vote that needs to follow will take place “as soon as possible” after national governments agree on their position, he said.