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EU to auction all emissions permits

21st January 2008

The emissions trading system that has been criticised for giving power generators a £9billion windfall is likely to be swept away in 2013, the TIMES ONLINE reports.

The European Commission’s draft plan for the third phase of emissions trading, to be released on Wednesday, is expected to introduce an auction for all emissions permits as Europe toughens its stance on polluting generators.

Keywords

greenhouse gases, GHG, EU, emissions verification, emissions targets, climate change news, ETS, EC, European Union, emissions monitoring, emissions trading, carbon markets, news, climate change, emissions reduction, EU ETS, emissions, carbon emissions, carbon trading, business assurance

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