EU industry is receiving too many free emission allowances and the rules need to be changed, an advisor to the EU court has said.
A challenge by firms that wanted their free allowance allocation to be increased may backfire spectacularly if the court follows its advocate general’s advice and instead cuts industry’s free allowance rights.
Industry sources said they were very concerned about the implications of the advocate general’s opinion, published on Thursday, that free allocation to date has not been too low, as the firms argued, but, in fact, too high.
Please enter your details
Not a subscriber?
Take a free trial now to discover the critical insights and updates our coverage offers subscribers.