Friday, September 25, 2009

Just a hint of the orgy of bureaucratic idiocy that

will follow cap and trade.

Link
[JURIST] The European Commission (EC) [official website] said Thursday that Poland and Estonia cannot issue new carbon dioxide (CO2) allowances, despite a court victory on Wednesday. The announcement was made by EC Commissioner for the Environment Stavros Dimas, who indicated that the larger allowances proposed by the two nations must be approved [WSJ report] by the EC prior to implementation. On Wednesday, the European Court of First Instance at the Court of Justice of the European Communities [official websites] ruled [case materials] that the EC overstepped its authority in denying the allowances proposed by Poland and Estonia for the period of 2008-2012. While the EC called the data used to calculate the allowances for the two countries unreliable, the court said that the Commission did not describe why they were not reliable. The court decision has already had a collateral effect, as Italian Prime Minister Silvio Berlusconi said that Italy should be able to issue additional CO2 allowances [EUobserver report].