Brussels, 26/03/2007 (Agence Europe) - The European Commission has conditionally approved the Czech Republic's national plan for allocating greenhouse gas emission allowances for the period 2008-2012, subject to amendments being put in place.
In a press release, the Commission sets out the changes required: the annual allocation may not exceed 86.8 million allowances (14.8% lower than the amount proposed by Czech authorities); allocations to installations benefiting from bonuses for early action and co-generation may not exceed expected needs; if guarantees for allocations beyond 2012 foreseen in current Czech law are maintained, the Commission would need to examine them under EU state aid rules; more information needs to be provided on how new entrants will be treated; and the list of installations has to be completed.
Once these changes have been implemented, the Czech plan will be deemed to have been adopted. (an)