Governments face carbon allocation legal action

European governments face legal action from industry if they fail to provide carbon allocation plans by the end of the year, according to Peter Vis of the climate change unit of the European Commission.

Speaking at the Carbon Market Insights event in Amsterdam on Tuesday, Vis claimed the political will of countries would likely ensure allocations would be given in time for the beginning of European emissions trading on January 1, 2005. However, if a government doesn’t make its allocations, companies will not be able to trade. “On January 1, those that have allowances can trade them on then spot market. And at the beginning of 2006, companies must have measured their emissions and turned in

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Chartis Energy50 2023

The latest iteration of Chartis' Energy50 2023 ranking and report considers the key issues in today’s energy space, and assesses the vendors operating within it

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