Germany, the world's third-biggest economy, said it won't sue the European Union over a November 29 decision to limit the nation's grant of carbon dioxide permits in the five years through 2012.
Germany wanted to grant 465 million metric tons a year of permits in the period, more than the 453 million approved by the European Commission, which regulates the emissions trading system, the world's largest. „From the commission's point of view, it wasn't possible to reach change on the 453 million tons and that means, like the environment minister had said yesterday, that we won't go to court,” Ulrich Wilhelm, Chancellor Angela Merkel's chief spokesman, said today in a Berlin media conference. Germany accepted a decision of the commission limiting its grant of emission permits in the five year, Point Carbon, an Oslo-based publishing and consulting firm, reported yesterday, citing an e-mail from the office of the country's environment minister Sigmar Gabriel. A deadline to start a lawsuit on the grant passed February 7, the report said. Slovakia will challenge the commission over its allocation for 2008-2012, the second phase of the trading system, it said. (Bloomberg)