16 Apr '13, 1pm

Stop press: Critics slam EU failure to "fix" carbon market: The European Parliament has voted against propping...

Members of parliament voted 334-315 so called “backloading”, which would have temporarily removed some 900m allowances from the over-supplied emissions trading system. The news has been greeted with dismay by many in the clean energy industry, and some reports have even suggested that 10 years of investment could be brought to a halt. Rémi Gruet, Senior Climate Advisor of the European Wind Energy Association (EWEA) said that MEPs had effetively voted against the polluter pays principle and putting a market-oriented price on carbon emissions: "This makes the ETS irrelevant in Europe's bid to reduce the use of fossil fuels. The carbon price will continue having no impact on investment decisions in the power sector" he said. EWEA and others in the industry backed the plan to delay auctions for additional emissions allowances ("backloading"), because over allocation of allowan...

Full article: http://www.renewableenergyfocus.com/view/31863/stop-press...

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in Europe

greenpeace.org.uk 16 Apr '13, 11am

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businessgreen.com 16 Apr '13, 11am

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businessgreen.com 16 Apr '13, 2pm

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usgbc.org 16 Apr '13, 5pm

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ukgbc.org 16 Apr '13, 11am

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greenpeace.org.uk 18 Apr '13, 2pm

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Hi

r-e-a.net 23 Apr '13, 2pm

The European industry’s position paper makes clear that targeted measures, such as bilateral agreements on forest protecti...