Emission trading period 2008–2012
On 14 February 2008, the Government agreed on the emission allowances allocated to energy production and industry for the 2008–2012 emission trading period. The decision covers the emission allowances to be allocated to each installation. The allowances are allocated free of charge.
The total volume of allowances for the period amounts approximately to 187.8 million tonnes, corresponding to 37.6 million tonnes per year. The total volume of allowances is based on the Commission's decision of 4 June 2007 on Finland's National Allowance Plan (NAP).
A total of 566 installations will be allocated emission allowances. The installations in the emissions trading sector have been divided into sub-categories:
Sub-category A: Industrial processes
Sub-category B: Industrial energy production on site
Sub-category C: District heating and combined production of electricity and district heating
Sub-category D: Condensing generation of electricity
Sub-category E: Peak-load power plants and reserve power plants
The allocation of emission allowances is based on the calculation principles laid down in the Emissions Trading Act. Sub-category-specific efficiency and reduction coefficients have been applied to the calculations. The applied coefficients are as follows: 0.91 in industrial processes; 0.86 in industrial energy production; 0.77 in district heating and combined production of electricity; 0.31 in condensing generation of energy and 0.86 in reserve and peak-load power plants.
Allowances equal to 7 million tonnes of the total volume of
allowances were reserved for new entrants for the entire emissions
trading period.This emission allowance reserve, intended for new
participants, ended in spring 2009.
During the 2008–2012 emissions trading period, in order to meet their obligations operators can use emission units from projects reducing emissions in other countries (so-called project mechanisms).
