Darren Ennis

The European Union will phase in auctions for greenhouse gas emissions permits for refineries and airlines from 2013 as part of a plan to combat climate change, an EU source said on Monday

BRUSSELS, Belgium; January 24, 2008.- Speaking after senior European Commission officials put finishing touches to proposals to be adopted on Wednesday, the source said the power generation sector would have to buy 100 percent of emissions permits in auctions from 2013.

But in response to industry lobbying, officials had agreed that refineries and airlines would start at a level of 20 percent of permits auctioned in 2013, with the rest issued for free, rising by 10 percent a year to reach 100 percent in 2020.

The move is part of an EU plan to cut greenhouse emissions by a fifth from 1990 levels by 2020 to fight global warming.

(Reuters)

 

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