Carbon Market Exclusions Justified: EU High Court

Law360, New York (December 16, 2008, 12:00 AM EST) -- The European Court of Justice has rejected steel giant Arcelor Mittal's argument that the European Union's carbon-trading market, in effect since 2005, is unfair because it doesn't require certain nonsteel industries to participate.

Europe's highest court found Tuesday that the EU had justifiably excluded chemical companies that make aluminum or plastics from its carbon market participation mandate, because the inclusion of those companies might have added an "administrative burden” during the plan's first stages.

Arcelor Atlantique, a subsidiary of the steel company, initially brought the case...
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