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 The allocation is down by 28.3m compared to an initial plan (EED 29/09/06) that was withdrawn in November under threat of rejection by the European commission (EED 29/11/06).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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