EurActiv, October 26, 2007
In an apparent effort to avoid another collapse of the carbon market, the Commission has set an EU-wide CO2 cap of 2.08 billion tonnes for 2008-2012, giving member states 10% less CO2 allowances than requested for the second trading period. Seven states, including Hungary, Latvia, Malta and Lithuania, Poland and the Czech Republic, are taking the Commission to court on the grounds that the emissions caps being mandated by the EU executive for the period 2008-2012 will unduly harm their industries. Read more...
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