Members voted 334-315 against theso-called "backloading” proposal. Thiswould have temporarily removed some 900 million allowances from theover-supplied scheme.
The EUcarbon price fell by more than 40% to a new record low of €2.63/tonne on the ICEFutures Europe Exchange in London following news of the vote.
In an effort to push up the carbonprice and make low-carbon investments more attractive, the European Commission hadproposed withholding the 900 million allowances over the next two years.
