EU completes industrial carbon cap for 2008-12

Commission rulings on Romanian and Bulgarian plans set stage for trading scheme's second phase

The European commission approved national allocation plans for Bulgaria and Romania under the EU's industrial carbon emission trading scheme (ETS) on Friday. The commission has now endorsed the plans of all 27 EU states, setting the bloc's overall cap on industrial greenhouse gas emissions for the 2008-12 Kyoto protocol compliance period.

Romania will be allowed to allocate 75.9m carbon allowances annually over the ETS's second phase, 21 per cent fewer than it had proposed to the commission. Bulgaria will get 42.3m allowances, 37 per cent fewer than it wanted.

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