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The EU Emissions Trading Scheme is currently in turmoil, as carbon prices continue to fluctuate due to oversupply in the market. A vote by the European Parliament's ITRE Committee to reject the European Commission's plan to bloster the market sent prices tumbling below €3/tonne in January but ENVI, the lead Parliament Committee voted on Tuesday, 19 January 2013, to support the European Commission's plan to backload allowances. Nevertheless, prices fell by 20% following the vote, given persistant doubts that that enough political will exists to rescue the ailing market.

This video explains how the EU ETS works and forms part of the Environment Nexus project that can be found here [ Ссылка ]

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