BRUSSELS - Finland's industries will be allowed to release 70.5 million tonnes of carbon dioxide (CO2) a year in the 2008-2012 period of the European Union's emissions trading scheme, the country's industry minister said on Tuesday.
The EU scheme aims to reduce the output of greenhouse gases blamed for global warming, and is the bloc's key instrument to meet reduction targets agreed under the Kyoto Protocol. "For 2008-2012, our target limit is an average of 70.5 million tonnes of CO2 a year," Mauri Pekkarinen, Finland's minister of trade and industry, told Reuters in an interview. "By 2012, it has to be under 70.5 million tonnes."
A Finnish official said the 2008-2012 goals were roughly the same as the targets for the current period, 2005-2007. "The target is the same for both periods," he said.
Pekkarinen said the targets used 1990 as a base year, when Finland was in recession and CO2 output was lower due to sluggish industrial production. The target compares with 80 million tonnes on average per year for 2003 to 2004, he said.
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