As at December 31st 2008 and December 31st 2007, the Group reported an excess of the CO2 emission allowances allocated to it over its actual carbon dioxide (CO2) emissions (see Note 21.3).
On July 1st 2008, the Council of Ministers adopted, by way of a regulation, the National Allocation Plan of Carbon Emission Allowances for 2008-2012, issued under the EU emission trading scheme to existing installations and installations undergoing modification (Dz.U. No. 202, item 1248). In accordance with the current legislation, allowances for Phase II (the years 2008–2012) were given free of charge to all the installations covered by the emission trading scheme.
The aggregate annual average carbon allowance granted to the Group companies (for the years 2008-2012) is 1,217 thousand tonnes.
The actual volume of carbon dioxide emissions in the year ended December 31st 2008 was 1,192 thousand tonnes.