The European Commission has concluded the assessment of
The cleared annual allocation is 5.48 mln tonnes of CO2 allowances, 23% less than
Environment Commissioner Stavros Dimas said: “This decision brings us one step closer to finishing the assessment of member states’ CO2 allocation plans. There are four more plans to be assessed. These will be finalised swiftly after the summer break to ensure an orderly transition to the second phase of the EU ETS when it begins in 2008.â€
Following the Commission’s decisions in November 2006, January, February, March, April, May and June 2007, Cyprus is the 23rd national allocation plan (NAP) for the 2008-2012 period to be assessed by the Commission.
NAPs determine for each member state the ‘cap,’ or limit, on the total amount of CO2 that installations covered by the EU ETS can emit, and specify how many CO2 emission allowances each plant will receive.
The Commission is responsible for assessing member states’ proposed NAPs against 12 allocation criteria listed in the Emissions Trading Directive. The Commission may accept a plan in part or in full.
The assessment criteria seek, among other things, to ensure that plans are consistent (a) with meeting the EU’s and Member States’
In this context, the Commission is requiring
Other assessment criteria relate to non-discrimination, EU competition and state aid rules, and technical aspects.
In this regard, the Commission is requiring further changes to
–Â Â Â Â Â Â Â Â Several intended ex-post adjustments must be eliminated;
–Â Â Â Â Â Â Â Â Information provided on the manner in which new entrants will be able to participate in the EU scheme is insufficient.
The Commission’s approval of the plan will become automatic once Cyprus has made the appropriate changes.
Summary information on the 23 plans assessed to date:
Approved allowances for 2005-2007, verified emissions in 2005, proposed caps for 2008-2012, approved caps for 2008-2012, additional emissions covered in 2008 to 2012 and limit on the use of credits from emission-saving projects in third countries.
|
Member State |
1st period cap |
2005 verified emissions |
Proposed cap 2008-2012 |
Cap allowed 2008-2012 (in relation to proposed) |
Additional emissions in 2008-2012 |
JI/CDM limit 2008-2012 in % |
|
Austria |
33.0 |
33.4 |
32.8 |
30.7 (93.6%) |
0.35 |
10 |
|
Belgium |
62.1 |
55.58 |
63.3 |
58.5 (92.4%) |
5.0 |
8.4 |
|
Cyprus |
5.7 |
5.1 |
7.12 |
5.48 (77%) |
n.a. |
10 |
|
Czech Rep. |
97.6 |
82.5 |
101.9 |
86.8 (85.2%) |
n.a. |
10 |
|
Estonia |
19 |
12.62 |
24.38 |
12.72 (52.2%) |
0.31 |
0 |
|
Finland |
45.5 |
33.1 |
39.6 |
37.6 (94.8%) |
0.4 |
10 |
|
France |
156.5 |
131.3 |
132.8 |
132.8 (100%) |
5.1 |
13.5 |
|
Hungary |
31.3 |
26.0 |
30.7 |
26.9 (87.6%) |
1.43 |
10 |
|
Germany |
499 |
474 |
482 |
453.1 (94%) |
11.0 |
12 |
|
Greece |
74.4 |
71.3 |
75.5 |
69.1 (91.5%) |
n.a. |
9 |
|
Ireland |
22.3 |
22.4 |
22.6 |
22.3 (98.6%) |
n.a. |
10 |
|
Italy |
223.1 |
225.5 |
209 |
195.8 (93.7%) |
n.k. |
14.99 |
|
Latvia |
4.6 |
2.9 |
7.7 |
3.43 (44.5%) |
n.a. |
10 |
|
Lithuania |
12.3 |
6.6 |
16.6 |
8.8 (53%) |
0.05 |
20 |
|
Luxembourg |
3.4 |
2.6 |
3.95 |
2.5 (63%) |
n.a. |
10 |
|
Malta |
2.9 |
1.98 |
2.96 |
2.1 (71%) |
n.a. |
tbd |
|
Netherlands |
95.3 |
80.35 |
90.4 |
85.8 (94.9%) |
4.0 |
10 |
|
Poland |
239.1 |
203.1 |
284.6 |
208.5 (73.3%) |
6.3 |
10 |
|
Slovakia |
30.5 |
25.2 |
41.3 |
30.9 (74.8%) |
1.7 |
7 |
|
Slovenia |
8.8 |
8.7 |
8.3 |
8.3 (100%) |
n.a. |
15.76 |
|
Spain |
174.4 |
182.9 |
152.7 |
152.3 (99.7%) |
6.7 |
ca. 20 |
|
Sweden |
22.9 |
19.3 |
25.2 |
22.8 (90.5%) |
2.0 |
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