EU Lawmakers Reject Freeze of CO2 Emissions Credits System
European lawmakers narrowly rejected Tuesday controversial plans to revive the EU's faltering carbon cap-and-trade system so as to cut greenhouse gas emissions, blamed for global warming.
The European Commission had proposed a freeze on pollution credits so as to make it financially more attractive for companies to invest in new clean technology. The Commission said it "regretted" the outcome and would review its position.
Source: Agence France Presse
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