Country:United Kingdom
Policy status:Superseded
Date Effective:2004
Policy Type:Regulatory Instruments, Regulatory Instruments>Other mandatory requirements, Economic Instruments>Market-based instruments>GHG emissions trading
Policy Target:Industry, Energy Sector>Electricity Generation, Energy Sector>Electricity Generation>Renewable, Framework/ Multi-sectoral Policy
Agency:Department for Environment, Food, and Rural Affairs (DEFRA)
Legal References:EU Emissions Trading Scheme UK National Allocation Plan 2005-2007
Description:In July 2004, the UK government published its national allocation plan (NAP) for carbon dioxide emissions under the EU Emissions Trading Scheme. The NAP allocated 736Mt of carbon dioxide to installations covered by the scheme over the 2005-07 period. The allowances were allocated for free to the 1,080 installations covered by the scheme. The allocation amounts to a reduction of 5.5Mt of carbon dioxide. New entrants will have access to allowances from a pool of 7.7% of the total allowances. Any surplus of allowances remaining in the new entrant reserve at the end of each year will be auctioned. Following a legal dispute over the total allocation ultimately resolved on 22 February 2006, the NAP remained intact as the version originally submitted for the European Commissions approval on 24 July 2004.

Last modified: Tue, 17 Jul 2012 12:22:34 CEST