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German wax company takes question of free carbon permits to EU court

By Laurel Henning ( May 14, 2014, 12:38 GMT | Insight) -- The world’s largest producer of crude montan wax has become vulnerable to rising carbon prices because the European Commission won’t give the company the 500,000 free emission permits a year it says it needs, the EU’s General Court heard today. Romonta is appealing the commission’s decision to block a German plan to give the wax producer 403,000 free carbon permits each year from 2013 through 2020.The world’s largest producer of crude montan wax has become vulnerable to rising carbon prices because the European Commission won’t give the company the 500,000 free emission permits a year it says it needs, the EU’s General Court heard today. ...

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