|
27 October 2004 - The UK government today announced that it is to seek an increased emissions trading allowance, the proposal comes after an increase from original projections.
Emissions by UK installations, covered by the EU emissions trading scheme for the period 2005-2007, are now estimated to be 56.1 million t CO2, or 7.6 per cent higher than was the case in April when the provisional allocations were calculated.
To reflect these changes the government is planning to propose to the commission an amendment to the National Allocation Plan, increasing the total number for the period 2005-2007 by 19.8 million allowances to 756.1 million allowances.
The allocation is now 5.2 per cent below final projections of business as usual in the UK, compared to the April allocation of 0.7 per cent below business as usual.
The government's proposal would set out the overall allocation of allowances for the first phase of emissions trading at a level that it deems would set a balance between the concerns of competition from business and the UK's leadership on climate change.
Overall, the emissions cap will take the UK beyond its Kyoto commitment and is consistent with its domestic goal of moving towards a 20 per cent reduction in CO2 emissions on 1990 levels by 2010.
Secretary of State for the Environment, Food and Rural Affairs, Margaret Beckett, said, "In making this allocation, we are balancing the need to protect the competitive position of UK industry while moving us beyond our Kyoto Protocol commitment towards our tougher national goal."
| 
Articles 
| View all PennWell sites | View all PennWell events
Add RSS Feed
