Carbon market absorbs Poland and Estonia court ruling

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Carbon prices have remained steady following the ruling by the European Union's Court of First Instance on September 23 to allow Poland and Estonia to increase their emissions allowances for the second phase of Europe's emissions trading scheme from 2008-2012.

EUA prices dipped from €13.69 (US$19.93) to €12.76 (US$18.57) following the ruling but quickly rebounded, reaching €13.88 (US$20.20) by September 28.

"The Court's decision was significant for the carbon market and created uncertainty aroun