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Commission clamps down on Austrian carbon cap
Austria must cut its overall emissions cap for industrial installations in the second phase of the European carbon trading scheme by 6.4 per cent, the European commission said on Monday. Its annual allocation to industry should not exceed 30.7m tonnes in 2008-12, the commission said in its eighteenth national allocation plan (Nap) ruling. Credits from Kyoto's flexible mechanisms should constitute no more than 10 per cent of Austria's annual allowance allocation, it added. Austria had proposed 20 per cent. See commission press release.
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