Firms want unlimited flex-mex credits

Power firms are urging EU policy-makers not to limit the amount of greenhouse gas reduction credits they can buy abroad to comply with the EU's climate trading scheme. The European Commission's draft of the "linking directive", which the Irish presidency hopes to finalise by March, includes a potential 8% limit on Kyoto protocol "flexibility" credits. But industry body Eurelectric says this would be "artificial" and add no extra environmental integrity to the scheme. The first national emission trading allocation plan suggested the electricity sector would be hit hardest (EED 19/01/04). See Eurelectric press release.

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