French NAP II allocations set in stone
French companies that qualify for emissions trading under NAP II (2008-2012) now know exactly how many allowances they will receive for phase II of the scheme, an official at the Ministry of Environment told Heren Energy on Wednesday. In certain countries, such as Italy, installations are still in the dark over final allowance levels, making it difficult to take positions on the OTC carbon market.
Morgane Créach from French environmental association RAC told Heren Energy on Wednesday many installations were not satisfied with the public consultation period that followed the announcement of the new NAP II level in December last year. “France had already negotiated its new limit which was approved by Brussels and there was very little room for changes stemming from the consultation,” Créach said.
According to the ministerial official on Wednesday three installations, including steel producer Arcelor, were awarded more allowances after the consultation period. The extra allowances were deducted from the New Entrants Reserve (NER). France is allocating an average of 132.8 million tonnes per year over 2008-2012.
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