Commission holds firm on EU climate gas trading

Wallström insists on mandatory participation and no auctioning during trial phase

Margot Wallström has made a passionate defence of the European Commission's original vision for the EU's climate emission trading scheme, as environment ministers and MEPs begin to make their own changes to the plans. The environment commissioner was addressing a conference organised by power industry lobby Eurelectric in Brussels yesterday.

Ms Wallström said the scheme's launch in 2005 must see unconditional mandatory participation by firms and no auctioning of emission permits. Last week the European parliament overturned both these principles in its first reading of the draft law to create the scheme, and ministers look set to make similar changes (EED 15/10/02).

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