Governments face carbon allocation legal action

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