Wednesday, November 7, 2007

EU Court OKs German Recall Of Unused CO2 Emission Credits

From Dow Jones via easyBourse:

A European court ruled Wednesday that Germany has the right to claim back unused carbon emission credits allocated to its industry as part of Europe's emissions trading scheme.
The European Court of First Instance agreed with the German government's view that provisions in its CO2 national allocation plan, allowing it to take back carbon emissions certificates it had given to companies if they were unused, are consistent with the law setting up the European Union's emissions trading system....MORE