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EU to Publish 2013 CO2 Cap for Chemicals, Aluminum Tomorrow
2010-10-21 09:23:16.870 GMT
By Ewa Krukowska
Oct. 21 (Bloomberg) -- The European Commission will
announce tomorrow the cap for 2013 emissions in its carbon
market including aluminum and chemical products makers that will
join the system in its next phase.
The cap excluding the two industries was set in July at
1.927 billion metric tons. It will be adjusted further to
include limits for airlines that are due to join the EU cap-and-
trade program in 2012.
The EU's emissions trading system, or ETS, is the world's
largest. Started in 2005 to help fight climate change, it covers
facilities that produce energy or goods from paper to cement.
Emitters including E.ON AG, Germany's biggest utility, and
Royal Dutch Shell Plc, Europe's largest oil company, must have
an allowance for each ton of CO2 they emit in burning fossil
fuels. Those that produce more than their allowance need to buy
more; those that emit less can sell their surplus.
The current trading period in the ETS ends in 2012. To
calculate its annual emissions caps in the third phase of the
system until 2020, the commission uses a linear reduction factor
of 1.74 percentage points of the average annual total quantity
of allowances issued by member states in 2008-2012.
For Related News and Information:
Emission market news NI ECREDITS <GO>
Today's top energy stories ETOP <GO>
European power-markets home page EPWR <GO>
Sustainability, environmental indexes SEI <GO>
Economic indicator watch: ECOW EU <GO>
Client services portal: PRTL <GO>
European economic coverage: TNI ECO EU <GO>
Global statistics: STAT <GO>
--Editors: Jones Hayden, Peter Chapman
To contact the reporter on this story:
Ewa Krukowska in Brussels at +32-2-237-4331 or
ekrukowska@bloomberg.net
To contact the editor responsible for this story:
Stephen Voss at +44-20-7073-3520 or sev@bloomberg.net
