The European Union approved Poland’s proposal to leave its carbon-dioxide emissions cap unchanged, putting an end to a legal wrangle that threatened the world’s biggest carbon market.
Poland asked for an annual limit of 208.5 million tons in a revised proposal. The country, which successfully challenged the commission’s authority to review national plans for allocating carbon allowances in an EU court last year, dropped demands earlier this month for a higher cap after the recession reduced industrial discharges.
Read more: http://www.businessweek.com/news/2010-04-19/eu-leaves-polish-co2-cap-intact-ends-legal-wrangle-update2-.html
Poland asked for an annual limit of 208.5 million tons in a revised proposal. The country, which successfully challenged the commission’s authority to review national plans for allocating carbon allowances in an EU court last year, dropped demands earlier this month for a higher cap after the recession reduced industrial discharges.
Read more: http://www.businessweek.com/news/2010-04-19/eu-leaves-polish-co2-cap-intact-ends-legal-wrangle-update2-.html
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