Carbon plan can pass with German backing: EU climate chief

ABU DHABI (Reuters) - An EU executive plan to reduce a glut of carbon emissions allowances, which are trading close to record lows, can pass provided it gets German support, EU Climate Commissioner Connie Hedegaard said on Wednesday.

ABU DHABI (Reuters) - An EU executive plan to reduce a glut of carbon emissions allowances, which are trading close to record lows, can pass provided it gets German support, EU Climate Commissioner Connie Hedegaard said on Wednesday.

The European Commission proposal, known as backloading, would remove permits from the first three years of the new phase of the carbon market (2013-2015) and put them back on the market at the end of it (2019-2020).

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