EU emissions trading directive text issued
The council of ministers has published the definitive text of the EU's new greenhouse gas emissions trading directive. The law was finalised in July based on a compromise deal reached with MEPs (EED 02/07/03). It will enter force once published in the EU's official journal. The deadline for transposition will be the last day of this year. By early next year member states will have to submit emission allowance allocation plans for approval by the European Commission. See emissions trading directive text.