Press Release: Emissions trading: Commission approves Spain’s national allocation plan for 2008-2012

The European Commission has approved Spain's national plan for allocating carbon dioxide (CO2) emission allowances for the 2008-2012 trading period of the EU Emissions Trading Scheme (EU ETS). The cleared annual allocation is 152.3 million tonnes of CO2, which compares with the cap proposed by Spain of 152.7 million tonnes. Spain's plan for 2008-2012 covers additional emissions in sectors which did not report emissions in 2005 of roughly 6.7 million tonnes of CO2. The approval is conditional on Spain making changes to three further aspects of its plan. The Commission decisions on national plans under ETS aim to ensure that Member States meet their emission commitments under the Kyoto Protocol.