Carbon trading RIP?: EU climate policy in crisis after ETS rejection; price of "carbon" plummets by as much as 45%

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Carbon trading RIP? --->EU climate policy in crisis after ETS rejection http://www.europeanvoice.com/article/2013/april/eu-climate-policy-in-crisis-after-ets-rejection/76969.aspx …

EU climate policy in crisis after ETS rejection | European Voice

MEPs vote against Commission's backloading proposal.
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The carbon market fell by the highest rate ever following the vote, with the price of carbon plummeting by as much as 45% to a record low of €2.63.
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The vote, with 334 MEPs against the proposal and 315 for it, is itself being seen as a crisis of confidence in the system. Stig Schjølset, head of EU carbon analysis for PointCarbon, said the proposal is now “effectively dead”.
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"The EU's carbon market is at crisis point,” said Green MEP Bas Eickhout after the vote.