Investment giants urge EU to save emissions trading scheme

BusinessGreen: A group representing many of Europe's largest institutional investors have written to EU energy and climate change ministers ahead of a crucial meeting in Brussels later today, urging them to take urgent action to restore the credibility and effectiveness of the bloc's emissions trading scheme (ETS). Ministers are expected to again discuss whether to hold back carbon allowances in order to tackle chronic over supply in the market that has resulted in the price of carbon set by the ETS reaching...

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