Germany's power sector to be hit under emissions trading plan - report
Reports suggest that the draft national allocation plan (NAP) for the second phase of emission trading in Germany could put the squeeze on the energy industry by further capping its rights to emit carbon.
Under draft plans released by Germany's environment ministry and reported by Platts, the country would be permitted 495.5 million CO2 allowances per year in the 2008-2012 timeframe. This covers the second phase of the EU's emissions trading scheme (ETS). The level set for Germany under its NAP for phase two marks a reduction on the 503 million allocations per year permitted under phase one of ETS. However, the report adds that the reduction will be most keenly felt by the power generation sector, as its CO2 allocation will represent only 85% of its standard operating requirements. This compares to a more lenient cap of 98.75% of business-as-usual emissions for industrial polluters, Platts reports.
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