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Greenhouse gas emission allowance trading scheme

The European Union (EU) is establishing a greenhouse gas emission trading scheme for the cost-effective reduction of such emissions in the Community. This scheme should enable the Community and the Member States to meet the commitments to reduce greenhouse gas emissions made in the context of the Kyoto Protocol. Installations operating in the energy sector, iron and steel production and processing, the mineral industry and the paper and board industry will automatically be subject to the emission trading scheme.

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