Press Release: Emissions trading: Commission adopts decision on Finland’s national allocation plan for 2008-2012

The European Commission has concluded the assessment of Finland's national plan for allocating carbon dioxide (CO2) emission allowances for the 2008-2012 trading period of the EU Emissions Trading Scheme (EU ETS). The Commission accepted Finland's national plan on condition that certain changes are made, including a reduction in the total number of emission allowances proposed. The cleared annual allocation is 37.6 million tonnes of CO2 allowances, 5.2 % less than Finland had proposed. The Emissions Trading Scheme ensures that greenhouse gas emissions from the energy and industry sectors covered are cut at least cost to the economy, thus helping the EU and its Member States to meet their emission commitments under the Kyoto Protocol.