European Commission sets overall provisional GHG cap
Industrial installations included in the EU’s Emission Trading Scheme (ETS) will see their greenhouse gas emissions provisionally capped at just below 1.927Bnt in 2013, when a new seven-year trading period starts.
According to the European Commission: “For 2013, the absolute Community-wide quantity of allowances referred to in Article 9 of the Directive 2003/87/EC amounts to 1,926,876,368.”
The average annual total quantity of allowances issued by Member States in accordance with the Commission Decisions on their 2008-12 national allocation plans amounted to 2,032,998,912 allowances. The latest decision will see the total annual quantity of allowances to be issued from 2013 onwards decrease by a linear factor of 1.74% or 35,374,181 allowances.
The cap excludes new sectors, such as the aluminium industry, and new gases such as nitrous oxide, which will be added in 2013. A revised cap based on the emissions data of new entrants will be published in September with a final cap not expected before 2013.
Published under Cement News
