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German minister backs EU proposal to squeeze carbon market

BERLIN (Reuters) - Germany's environment minister has come out in support of a European Commission proposal to prevent the collapse of its instrument for cutting carbon emissions by withdrawing some emission permits from the market.

BERLIN (Reuters) - Germany's environment minister has come out in support of a European Commission proposal to prevent the collapse of its instrument for cutting carbon emissions by withdrawing some emission permits from the market.

Peter Altmaier, an influential figure in Chancellor Angela Merkel's Christian Democrats (CDU), told Reuters he hoped the ruling centre-right coalition could agree to support it in time for a European Union summit in December.

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