Slovak steel firm loses EU carbon trade appeals

Court rejects demand to annul European commission constraints on first- and second-phase allocation plans

The European court of justice (ECJ) has rejected two cases brought by Slovak firm US Steel Košice against the European commission over a decision to cut the Slovak government's carbon allocation to industry.

The firm argued that the decision harmed its business by unfairly limiting the firm's carbon budget. The commission had committed a "manifest error of assessment" and the cut was a "misuse of powers", it said. The commission was motivated by a desire to drive up the carbon price rather than to help Slovakia meet its Kyoto protocol target.

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