French ETS firms may have to pay for quotas

France's industrial installations covered by the EU emissions trading scheme (ETS) may have to pay for up to 15% of their carbon allowances in 2011 and 2012, according to a budget proposal amendment adopted this week by the country's senate.

The amendment is likely to be approved by a committee of senators and MPs from the assemblée nationale on 13 December. At the moment, all carbon allowances in France are given out for free. EU legislation stipulates that at least 90% of allowances must be free of charge during the 2008-12 trading period.

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