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Government maps out ETS credits for 2008-2012

  The 213 companies in Hungary belonging to the EU’s Emission credit trading system (ETS) will receive emissions credits worth 23.9 million tons of free carbon dioxide emission annually for the period 2008-2012, the Ministry of Agriculture and Land Development announced Monday.

These companies include heating companies, sugar refiners, biofuel producers, cement companies and paper manufacturers, among others.

Power companies providing electricity have received 11.99 million credits annually for 2008 and 2009, compared to 16.93 million in 2005-2007.

Central heating companies received 1.5 million credits a year for the period 2008-2012, compared to 2.27 million for the previous cycle.

The EU has yet to approve the decision. If the credits are insufficient, the company can purchase additional credits or sell them it has too many.

Hungary’s emissions allocation for 2005-2007 was 31,660,000 credits a year. Brussels decided earlier to reduce Hungary’s total allocation by 10.8%. (MTI-Econews)