The number of carbon allowances for industry in the eight countries that have sued the European Commission over its decision to tighten their emission caps is likely to remain relatively unchanged following last week's EU court rulings, Point Carbon has said.
The prediction is intended to clear confusion in the carbon market after judges said the commission had "exceeded its powers" by revising downwards the Estonian and Polish national allocation plans for the 2008-12 period of the EU's emissions trading scheme.
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