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Czech lower house backs plan for CO2 permits, some free

Wed, 09/26/2012 - 4:25am
Reuters

PRAGUE (Reuters) - The Czech parliament's lower house approved a law on Wednesday setting rules for the allocation of carbon allowances to companies in 2013-2020, using an exception from full auctioning negotiated by some EU countries to protect their industries.

The bill could however be delayed by the possible veto of President Vaclav Klaus, a long-term critic of climate change research and efforts to resist global warming.

Most European Union states must auction permits to emit carbon dioxide - blamed for contributing to climate change - from 2013, but the rules have been eased for eastern countries which depend heavily on high-emission coal-burning power plants.

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