EU Emissions
Trading Scheme

EUETS, a mandatory scheme for greenhouse gas emission allowance trading within the EU, was introduced in phases from 2005. It is one of the policies being introduced by the EU to tackle emissions of carbon dioxide and other greenhouse gases from a number of specific industrial activities. The Group’s power generation facilities became subject to this scheme as from 1 January 2008. In the calendar year 2007 the Group emitted 41,000 tonnes of carbon dioxide matching its EUETS allowance to emit 41,000 tonnes per annum. The Group’s investment programme will lead to a situation where emissions will be reduced further thus allowing the excess to be sold.