EU lawmakers will not vote Tuesday on drafting CO2 law

BRUSSELS (Reuters) - European politicians will not vote on Tuesday, as had been expected, on whether to begin drafting a law to prop up the EU Emissions Trading Scheme (ETS), delaying any possible deal on supporting the carbon market, an official agenda showed.

BRUSSELS (Reuters) - European politicians will not vote on Tuesday, as had been expected, on whether to begin drafting a law to prop up the EU Emissions Trading Scheme (ETS), delaying any possible deal on supporting the carbon market, an official agenda showed.

A European Parliament committee last week voted in favor of an emergency plan, known as backloading, to save the world's biggest market for carbon emission permits from collapse.

But politicians put off a decision for a week on drafting the necessary legislation to institute the hotly contested measure.

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