Policy status:In Force
Date Effective:2008
Policy Type:Economic Instruments>Market-based instruments>White certificates
Policy Target:Framework/ Multi-sectoral Policy
Agency:Environemental Protection Agency
Description:The European Commission approved Irelands National Allocation Plan under the EU-Emissions Trading Scheme in November 2006, though it requested modifications reflected in the final National Allocation Plan published March 2008. The NAP is to allocate a total of 111.4 million tonnes of CO2 (MtCO2) in the period 2008 to 2012, an annual allocation of 22.3 MtCO2, with 0.5% of these allowances made available for purchase. This allocation represents 31.3% of projected national emissions over the period. The Environmental Protection Agency proposes to allocate allowances to participants based on a two-stage approach. First, an allocation is determined at the sector level. Subsequently allocations are calculated for all of the installations within each sector. Allocations will be made to new entrants on a free of charge basis, from a New Entrant Set-Aside and a CHP Set-Aside.

Last modified: Thu, 19 Jul 2012 11:39:56 CEST