The following pages contain this image or document
Emissions trading in Europe goes into next round
Some 530 million certificates were transferred in the German Emissions Trading Registry during the 2005-2007 trading period, amounting to a volume of more than one year’s budget of emissions allowances (approx. 500 million) exchanging hands in Germany. In other words, slightly more than one third of the certificates allocated were actually traded. The remaining certificates were applied directly by installation operators in compliance with their obligation to surrender them. ”On the whole the pilot phase has been positive. The infrastructure of emission trade is operational, and installation operators have got used to and are using the system”, said Prof. Dr. Andreas Troge, President of the Federal Environment Agency. ”It is now up to emissions trading to prove itself by actually achieving emissions reductions on a large scale”, continued Troge. read more
