European emissions trading on track

Plans from Italy and Poland are still to be approved, and Greece has not yet submitted its plan, Vis told delegates at a London-based conference on emissions trading.

Under the Kyoto Protocol, Europe has a target of reducing carbon emissions by 8% from 1990 levels by 2012, and the National Allocation Plans give each EU member country its individual emissions target.

Individual allowances will then be distributed across over 12,000 heavily polluting installations such as electricity generators,