First ten second-phase Naps: a round-up

European commission slashes caps, Kyoto credit limits and other potential loopholes

The European commission has demanded an average seven per cent cut in carbon emissions allocated to industry across ten member states in national allocation plans for the EU emission trading scheme’s second phase. The cut is much deeper than had been expected (see separate article, this issue). The commission has also ordered a series of additional changes to several of the allocation plans (Naps).

The biggest reductions are asked of Latvia (57 per cent), Lithuania (47 per cent) and Luxembourg (32 per cent). Similar cuts were demanded of these countries in the scheme’s first phase. But all other member states except the UK have also seen their proposed caps slashed (see table).

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