EU to Set New Rules for Emission Trading

Energy | July 18, 2010, Sunday // 17:04|  views

EU will set new rules about emission trading. Photo by BGNES

The European Commission has proposed that from 2013 the European industry should buy approximately half of the quotas for greenhouse gas emission, which currently receives for free.

The suggestion by the EC has been unanimously approved by the representatives of the EU member states, the online newspaper “EUObserver” has announced.

The new rules, envisioned by the EC, state that aviation will be included in the EU Emission Trading Scheme (EU ETS) and will receive 15% of all quotas, divided by Brussels among the different sectors.

The EC will submit the agreed proposal for coordination in the European Parliament.

The EU Emission Trading Scheme is the largest multi-national emissions trading scheme in the world and has been operating since 2005.

Currently, European enterprises are trading with emissions within Phase II of the scheme (2008-2012). Phase III will cover the period 2013-2020.

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Tags: EU, EC, European Commission, greenhouse gas emissions, emission trading, EU Emission Trading Scheme, EU ETS, phase


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