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Discusses the National Allocation Plan (NAP) which aims to distribute greenhouse gas (GHG) emission allowances to regulated industries in European Union (EU) countries. Use of emission allowances in the EU Emissions Trading Scheme; European Commission's assessment of NAP from several member states prior to summer recess.

Reports on the European Union (EU) Council's adoption of a"linking directive" which establish a scheme for greenhouse gas (GHG) emission allowance trading within the European Community. Linking of the Kyoto Protocol flexible mechanism of Joint Implementation and the Clean Development Mechanism to the EU Emissions Trading Scheme (ETS); Terms under the ETS Directive.

Evaluates the first month of the European Union’s (EU) Emissions Trading Scheme in 2005. Trade-in of more than five million metric tons carbon dioxide equivalent emissions in the form of EU allowances; Analysis of pertinent topics and relevant issues; Implications on environmental policy and protection.

Reports on the Russian Cabinet of Ministers' endorsement of the Kyoto Protocol on September 230, 2004. President economic advisor Andrei Illarionov's opposition against Russia's ratification; Effects of Russia's ratification on the European carbon trading market; Plans of the European Union to open its Emissions Trading Scheme in January 2005.

Discusses the "Interim Report on National Allocation Plans" (NAP), released by Ecofys, a consulting company within the Ecoconcern Group specializing in energy savings and renewable energy solutions. Study of NAP submitted to the European Commission by the end of July 2004; Greenhouse gas emission rates set by the NAP.

Reports on HeidelbergCement's initiation of legal proceedings with the German federal government and the European Commission. Company's request to suspend the opening of the European Union's Emissions Trading Scheme (ETS); Reasons cited by the company for its request for ETS suspension; Basis of the company's claim.