In August , the government issued a consultation on the new European Emissions Trading Scheme (ETS) which will start in January 2005.
The trading scheme will cover the power generation sector, mineral oil refineries, offshore installations and heavy industrial sectors including cement, glass, steel and bricks.

The consultation covers a number of issues including distribution of the UK’s overall cap to individual installations; how new entrants and closed installations should be treated; and what proportion of allowances should be allocated each year.

The UK must prepare its National Action Plan for the ETS by the end of March 2004. This will set out how many allowances it intends to allocate to UK installations.

The first phase of the ETS runs from January 2005 to December 2007. Further five year phases will follow.

More consultation papers will be issued later in 2003 on draft regulations for the National Action plan.

Source

Building Sustainable Design