The European parliament has significantly increased the likelihood that the EU's embryonic climate emission trading scheme will be mandatory from its inception in 2005 by voting for the move in plenary session in Brussels today. The assembly also backed a clause giving firms limited rights to opt out of the scheme in its first three years. And it called for governments to auction a small proportion of emission allowances instead of distributing them for free to participating businesses.
Please enter your details
Not a subscriber?
Take a free trial now to discover the critical insights and updates our coverage offers subscribers.