Emissions trading
Vattenfall works actively with the emissions trading system and has a special task force for advanced participation in the system.
Under the Kyoto protocol, the Member States of the European Union have undertaken to reduce greenhouse gas emissions by 8 per cent by 2008/2012 (from the level recorded in 1990).
Across industries
The Member States have formed a burden-sharing agreement and have introduced an emissions trading system. The first trading period began on 1 January 2005 (2005–2007), and the second will start in 2008 (2008–2012). A market-oriented model to limit emissions gives carbon dioxide allowances to energy generation plants, and iron & steel, cement, and pulp & paper production plants. Companies are allocated allowances for every participating installation in accordance with the national allocation plan.
Allocations
The allocation for the first period 2005–2007 has mainly been free of charge. Compared to the forecasted need for carbon dioxide allowances, the power and heat industry does not have enough certificates and the industrial sectors have a surplus. In the next period, 2008–2012, the reduction of allowances will force reduction measures, fulfilling the targets agreed in the Kyoto protocol.
Learn more about emissions trading
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