The UK government sent waves through the EU's carbon emission trading community on Wednesday by announcing a significant upward revision in the number of allowances it intends to distribute for the first trading period 2005-7.
The move sent the price of allowances in the forward market down. It also drew warnings from officials in the European Commission that Britain's national allocation plan (Nap) for 2005-7 will now have to be reassessed, contradicting assurances by UK officials that this should not be necessary.
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