Emissions trading

In late December 2004, the European Commission accepted a third set of five national allocation plans for CO2 emission allowances. Four plans - from Cyprus, Hungary, Lithuania and Malta - were accepted unconditionally. The Spanish plan was approved on condition that technical changes are made. National allocation plans outline the number of CO2 emission allowances[1] that Member States intend to allocate to energy-intensive industrial plants, so they can participate in emissions trading from January 2005. The third set of decisions clears allowances for close to 1,300 plants. In July and October 2004, the Commission cleared plans related to more than 7,800 plants representing close to 60% of expected allowances. The EU emissions trading scheme will ensure that greenhouse gas emissions in the energy and industry sectors are cut at least cost to the economy and help the EU and its Member States meet their emission targets under the 1997 Kyoto Protocol.

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• Emissions trading: EU Commission guidance on national allocations  (9/1/2006)
• EP - UN Framework Convention on Climate Change (5/1/2005)
• Commission adopts rules to ensure emissions trading market reaches its full potential  (21/12/2004)
• Climate change - Projections show EU on track to meet Kyoto Protocol emissions targets (21/12/2004)
• Commissioner Dimas presents EU Emissions Trading Scheme and pledges financial support for UNFCCC Registry System (15/12/2004)
• UN conference on climate change (3/12/2004)