In the UK, Phase I of the Scheme began on 1 January 2005 and will run until 31 December 2007. Phase II will run from 2008-2012 to coincide with the first Kyoto Protocol commitment period.
See: http://www.defra.gov.uk/environment/climatechange/trading/eu/

Link to DTI background on Phase I of the Scheme and the UK's national allocation plan: http://www.dti.gov.uk/energy/environment/euets/phase1/page26230.html

Link to DEFRA background on preparations for Phase II.

Last updated 16 June 2006