Environment Committee MEPs today voted a draft legislation allowing a freeze in the auction of some pollution allowances with a view to help boost green investments. In specific, the increasing surplus of pollution allowances due to the initial oversupply and the financial crisis, has led to a major decrease in carbon price well below levels estimated when the EU emissions trading system (ETS) was established.

As Environment Committee chairman Matthias Groote (S&D, DE), who is steerin...

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