The industry may need a new strategy to counter EU ETS.
For all of the ballyhoo in the final months of last year, the EU Emission Trading Scheme (ETS) tax went into effect Jan. 1 as scheduled. European Commission (EC) officials showed not the slightest hint of backing down or negotiating a compromise. Bolstered by a Dec. 21 decision by the EU Court of Justice (CJEU), which rejected complaints that ETS infringes on the sovereignty of non-EU nations and also said the EU was not bound by the Chicago Convention, the EC went into the New Year ...
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