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EU Environment Committee votes to revive ailing Emissions Trading System

The EU Parliament's Environment Committee voted to strengthen its carbon quota scheme on several fronts. Electricity association Eurelectric is pleased, but the proposed changes have been criticized for offering band-aid solutions.

Photo: Ian Duncan

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IMF warns of trade war and expensive financial markets

Although risks are emerging due to a trade war, political unrest in the EU and inflated financial markets, the global recovery has not yet lost its momentum, says the International Monetary Fund in an update to its April forecast.

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