Allocating emissions

Summary of draft National Allocation Plan

No allowances will be auctioned during this second phase of the scheme. The "banking" of allocations will not be allowed at the end of the first trading period (December 2007). The Maltese government is implementing a number of other programmes to complement the emissions trading scheme, including programmes to encourage renewable energy and energy efficiency in line with the country's sustainable development strategy. These are expected to further decouple Malta's energy consumption and CO2 emissions from economic growth.

Beyond this second trading period, there is the prospect of a number of major investment projects that will make a significant contribution to the achievement of this strategic objective. These include the possibility of using alternative fuel sources, such as natural gas, that will significantly reduce CO2 emissions as well as the continuation of demand side measures and the wider contribution of renewable energy sources and energy-from-waste. These important developments will be reflected in Malta's NAP for the third trading period, which is expected to be prepared in 2010/2011.