From EUactiv: This is an attempt to resurrect the ETC carbon cred scheme, which crashed and burned last week when the European parliament voted down a proposal to withold nearly a billion carbon indulgences from the market as a way of driving up the (currently rock bottom) price.
Backloading amendment to return for ‘second round’Published: 23.04.2013
EU environment and energy ministers are scheduled today (April 23) to discuss strategies to return a variant of the European Commission proposal to a restive Parliament.One Commission source told EurActiv that he foresaw the issue “coming back to a vote in plenary in two months time.”German MEP Matthias Groote, chairman of the Parliament’s environment committee, “will look at the text and probably work with what he has in terms of changing it, perhaps introducing the ‘fallback amendment’,” the source said.The European Parliament vote on 16 April sent the Commission’s proposed one-line legal amendment back to the environment committee, from whence it had come.
Because the line is too short to be easily redrafted, some MEPs concluded that it would effectively die there.But the fallback amendment is a separate text worked out by Groote. It stresses that backloading is a one-off measure, involving no more than 900 million allowances.Before this fallback amendment can be triggered, EU countries sitting in the Council of Ministers must send a steer back to the parliament, by agreeing support for such a position. A successful vote in the environment committee would then return the legislation back to plenary.“I don’t want to paint a picture of an easy win in the second round,” the source added. “It is not at all evident it will go through.”
Tallbloke's Talkshop 
This is standard EU practice, is it not?
If you don’t get the required answer first time round you simply re-present it until opposition capitulates, or you’ve ‘influenced’ enough votes to turn the decision round – which in this instance does not require a very large number IIRC.
EU “democracy” at work. If you don’t get the “right” answer, keep voting until you do.
If the Commission thinks the price is too low, then what price do they think it ought to be? If they are honest with themselves I would have thought that they might be pleased that people were not willing to buy more.
The Irish found out what happens when you vote no.
Have a look at UKIP’s energy policy. If you like what you see, consider voting for them on May 2nd
Click to access energy.pdf
Click to access energy.pdf
Well constructed and cogent argument against current policies and importantly planned remedial actions that are hard to gainsay.
Could almost have been written by Peter Lilley!
What a pity he can’t cross the floor of the House yet to join a cohort of UKIP MPs.
73 and a lifelong dyed in the wool true blue, for this and a host of other reasons, from now on my vote goes with UKIP.
Japan going back to coal:
http://www.smh.com.au/business/japan-turns-back-to-coalfired-power-plants-20130425-2ihb0.html
[…] firms to invest in low-carbon innovation was backed by Parliament on Wednesday, after it narrowly rejected them in April. This time MEPs set stricter conditions for a freeze. The measure aims to restore the incentive […]