While the ENVI Committee's proposal to cancel 800 million pollution permits survived the vote, that still leaves an additional 1.5 billion surplus allowances untouched. (corporateeurope.org)
The higher carbon price due to restricted carry - over could actually benefit surplus allowance holders, since it would avoid a likely price collapse after 2012. (climatenetwork.org)
Allowances remain valid throughout the trading period and any surplus allowances can now be «banked» for use in subsequent trading periods. (ec.europa.eu)