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22 October 2007 - The European Commission (EC) has reduced Portugal's proposed National Allocation Plan (NAP) for Phase 2 of the EU Emissions Trading Scheme (ETS) by 3.1 per cent to 34.8m metric tonnes a year (mt/year).

Portugal had requested an allocation of 35.9m mt/year for the five years of Phase 2.

The Commission also required Portugal to submit further information on how it will treat new entrants to the EU ETS.

The EC decision also required Portugal to limit the proportion of Certified Emission Reductions and Emission Reduction Units from Clean Development Mechanism and Joint Implementation projects that installations may use for compliance to 10 per cent of their individual allocations.

The decision on the Portuguese NAP is the 25th such verdict, and leaves only two outstanding NAPs to be judged - Bulgaria and Romania. According to Platts, an EC spokesperson said that these final two decisions should be forthcoming by the end of this month.

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