Energie ProductionYesterday the EU Commisions accepted the NAPs, but reduced annual allocation of all except UK.

Comparison of proposed vs. approved caps for 2008 to 2012 in million tonnes:

Member State Proposed cap Allowed cap
Germany 482 453.1
Greece 75.5 69.1
Ireland 22.6 21.15
Latvia 7.7 3.3
Lithuania 16.6 8.8
Luxembourg 3.95 2.7
Malta 2.96 2.1
Slovakia 41.3 30.9
Sweden 25.2 22.8
UK 246.2 246.2

 

These countries account for 42 % of the allowances allocated in the first trading period of the EU ETS, from 2005 to 2007. The objective of the EU ETS is to ensure that greenhouse gas emissions from the energy and industry sectors covered are cut at least cost to the economy, thus helping the EU and its Member States to meet their emission commitments under the Kyoto Protocol.

The Commission has started infringement procedures against Austria, Czech Republic, Denmark, Hungary, Italy and Spain for not submitting their NAPs yet. The deadline was 30 June 2006.

Press release