The Government refuses to renounce or transfer the_CO2 emission rights because it would cost 2,300 million

The government has rejected the processing of proposals by Vox and Junts that asked, respectively, to renounce carbon dioxide (CO2) emission rights or transfer them to the autonomous communities, as it alleges that such a decision would cost the State 2,300 million euros.

These are amendments to the bill currently in the parliamentary process to amend the 2005 Law regulating the greenhouse gas emission allowance trading system. Emissions trading works in such a way that a regulator sets a cap on the total amount of gases that certain industries can emit, so that for each ton of CO2 they need a right or permit that they pay to the State and are distributed in an auction.

In this framework, Junts registered an amendment to modify the legislation and that the allocation of emission rights is carried out in accordance with the criteria established by EU law and that the procedures for applying these criteria are carried out by the autonomous communities, in accordance with their competences. For its part, Vox registered an amendment to directly repeal the 2005 Law that regulates that market.

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