On 25 October, the directive establishing an EU-wide greenhouse gas emissions trading scheme entered into force (Directive 2003/87/EC of the European Parliament and of the Council of 13 October 2003 establishing a scheme for greenhouse gas emission allowance trading within the Community and amending Council Directive 96/61/EC).
Under this trading scheme, around 10,000 EU companies will be able (from 1 January 2005 onwards) to buy and sell permits to emit carbon dioxide. Member States have until 31 March 2004 to be ready with their national emission allocation plans. These plans will set the number of tradable allowances allocated to each of the industrial installations participating in the scheme.
EPHA’s related articles: EP Changes Greenhouse Gas Trading Scheme
