Why the EU's reputation hangs by a carbon thread

Tough times, again, for the European emissions trading scheme (EU ETS). A judgement in the European Court of First Instance late in September threatens to throw the whole system into disarray by offering two EU member states – and potentially another six – the chance to allocate more carbon allowances to their industry.

According to the EU judges who upheld cases filed by Poland and Estonia, the European Commission had no right to impose limits on the allowances these two countries set in their national allocation plans. Another six similar cases are pending.

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