Germany May Abstain in EU Carbon Vote as Ministers Clash

Bloomberg: Germany's economy and environment ministers are at odds over whether to back a European Union plan to curb oversupply of carbon permits, raising uncertainty over the fate of the measure aimed at supporting prices in the world's biggest emission market. Environment Minister Peter Altmaier told reporters today he supports a proposal by the European Commission to delay auctions of 900 million carbon permits starting in 2013 after the price of allowances sank to a record in April. Economy Minister...

URL: http://www.businessweek.com/news/2012-11-23/germany-may-fail-to-back-eu-carbon-market-fix-as-ministers-clash