| Series Title | European Voice |
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| Series Details | Vol.10, No.2, 22.1.04 |
| Publication Date | 22/01/2004 |
| Content Type | News |
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Date: 22/01/04 THE UK has become the first member state to announce plans for the start of an EU greenhouse gas emission trading scheme that will run from 2005 to 2007. EU members must submit their "allocation" plans to the European Commission by 31 March. The deadline for accession countries is 1 May. The number of allowances available for the trading scheme's first phase will be "consistent with an overall reduction in UK carbon dioxide (CO2) emissions of 16.3% by 2010" against 1990 levels, according to the UK government. For the second phase, 2008-12, the UK will aim for a 20% CO2 reduction. The Confederation of British industry warned the government might be "risking the sacrifice of UK jobs on the altar of green credentials". Green group Friends of the Earth, on the other hand, said it would "set a standard for other countries across the EU to follow". The UK Government has published its draft National Allocation Plan, setting out how greenhouse gas emission allowances will be allocated to the operators of UK installations for the first phase of the EU Emissions Trading Scheme, which runs from 2005 to 2007. |
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| Source Link | Link to Main Source http://www.european-voice.com/ |
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| Subject Categories | Environment |
| Countries / Regions | United Kingdom |