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Finland to submit CO2 emission plan

Finland plans to submit its 2008 to 2012 carbon dioxide (CO2) emission plan in the European Union trading scheme to the European Commission in early September.
Quotas set in Finland’s national allocation plan (NAP) are set to be about 18% lower than projected emissions, with the heaviest cuts falling on electricity producers, according to a government proposal published in May.

The EU emissions trading scheme caps how much CO2 high-polluting industries can emit. Companies must buy CO2 allowances if they exceed quotas, or they can sell extra permits if they come in below their targets.

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