Policy status:In Force
Date Effective:2008
Policy Type:Economic Instruments>Market-based instruments>White certificates, Economic Instruments>Market-based instruments
Policy Target:Energy Sector>Energy Efficiency / Demand Reduction
Agency:Ministry of Environment, Physical Planning and Public Works
Description:The European Commission accepted Greeces National Allocation Plan for the EU Emissions Trading Scheme 2008-12 in November 2006. The plan allocates 69.1 MtCO2 equivalent of emissions per year to energy and industrial facilities, about 9% less than the allowance initially proposed by Greece (75.5). This represents a reduction from the 2005-07 allocation of 74.4 MtCO2. The plan is expected to result in a 16.6 % reduction in greenhouse gas emissions for 152 industrial enterprises. The industrial complexes included in the plan include 33 power plants, 24 other furnace-type installations, four refineries, a smelting plant, five iron and steel plants, eight cement plants, 18 lime production plants, one glass factory, 44 ceramics factories and 14 paper factories. The total emission rights to be allocated in 2008-2012 were finally calculated at 345,606,165 tons of carbon dioxide, all of which are allocated free of charge. About 4.8 percent of the total emission rights allocated have also been set aside for new plants in 2008-2012, amounting to 16,740,701 tons of CO2. Operators under the EU-ETS can rely on international project-based activities for a maximum of 9% of Greeces annual GHG emissions cap.

Last modified: Tue, 17 Jul 2012 15:10:28 CEST