|Policy Type:||Regulatory Instruments, Economic Instruments>Market-based instruments|
|Agency:||Danish Ministry of Climate and Energy|
|Legal References:||MINISTRY OF THE ENVIRONMENT, March 2004 Danish National Allocation Plan|
The Danish Government has published its national allocation plan (NAP) for carbon dioxide emissions under the EU-Emissions Trading Scheme. The NAP is to allocate 95.4 Mt CO2 to installations covered by the scheme over the 2005-2007 period. In 2005, 40% of the allowances would be allocated and a further 30% each in 2006 and 2007. 95% of total allowances are to be allocated for free. The allocation is equivalent to a reduction of 15% compared to business-as-usual emissions. The number of installations covered by the emissions trading scheme is around 335. New entrants will have access to 3MtCO2 during the period 2005-2007. No new allowances will be allocated after closure. The Danish government has expressed its intent to buy approximately 3.7MtCO2/y worth of credits abroad to help Denmark achieve its committed emissions cut under the Kyoto protocol. The European Commission has approved this plan.
|This record is superseded by:||Denmark National Allocation Plan 2008-2012|
Last modified: Thu, 23 Oct 2014 10:51:23 CEST