Trade in certified emissions reductions

摘要

The case of Deutsche Bank Ag V Total Global Steel Ltd [2012] EWHC 1201 (Comm) involves the sale of certified emission reductions which had already been surrendered. This case is part of a growing body of litigation concerning trades made under the European Union emissions trading system (EUETS). In the case, Deutsche Bank sought damages of ?5,781,000 from Total Global Steel. The case is in essence a simple claim for breach of contract, the contract being one for certified emission reductions.