France redrafts national carbon allocation plan

Revised plan caps emission allowances at 132m, scraps transfer of surplus from first phase

France is proposing to allocate 132.8m carbon allowances annually to its industry in the second phase of the European emissions trading scheme, according to a revised national allocation plan circulated for consultation on Wednesday.  The allocation is down by 28.3m compared to an initial plan (EED 29/09/06) that was withdrawn in November under threat of rejection by the European commission (EED 29/11/06).  In another key change France has scrapped a plan to allow firms to transfer surplus first-phase allowances into the 2008-2012 second phase.  See French environment ministry press release.

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