Spain Will Cut CO2 Emissions Freebies By 20% By 2012 - Reuters

[hatrack]

MADRID - Spain plans to cut the carbon dioxide (CO2) emission rights it gives industry for free by about 20 percent in 2008-2012 as part of efforts to curb global warming, a regional newspaper reported on Tuesday. La Voz de Galicia, the biggest newspaper in the northwestern region, said that industry would be allowed to emit between 140 million and 145 million tonnes of CO2 and other greenhouse gases a year.

It quoted sources as saying the new emissions plan, due to be presented by the Environment Ministry at 0900 GMT on Wednesday, would bring Spain in line with its Kyoto targets.

Spain failed to meet a June 30 deadline to tell the European Commission exactly how it would share out free greenhouse gas emission allowances between its contaminating industries in 2008-12, the second phase of the EU carbon trading scheme.

The scheme is the EU's cornerstone strategy to tackle climate change and help it meet targets under the Kyoto protocol to reduce global warming.

EDIT

http://www.planetark.org/dailynewsstory.cfm/newsid/37197/story.htm

[paparush]

1. Maybe they saw Inconvenient Truth

Good for them. Shame on the US.

[marmar]

2. Spain has come a long way quickly in 30 years....

from the repressed Franco-era society to a progressive Western European country. Saludos, Espana.

[pberq]

3. Kick - for some good news