ECONOMY

EU Commission to decide on 11 CO2 plans tomorrow

BRUSSELS – The European Commission will decide tomorrow to accept or reject carbon dioxide (CO2) emissions-trading plans for 2008-2012 from 11 European Union states, a spokeswoman for the EU executive said. The decisions would cover more than 60 percent of factories and other installations included in the bloc’s emissions-trading scheme, Barbara Helfferich, spokeswoman for Environment Commissioner Stavros Dimas, said yesterday. The Commission will decide to reject or accept plans from Britain, France, Germany, Greece, Ireland, Latvia, Lithuania, Luxembourg, Malta, Slovakia and Sweden, she said. «Our decision tomorrow will reflect the need to create scarcity in the market and will put the second phase of the emissions-trading scheme on solid ground – on very solid ground,» she said.