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From the start of the third trading period in 2013 auctioning will progressively replace free allocation as the main method for allocating allowances to all E.U. ETS sectors except aviation, according to the E.U.'s website. The E.U. expects at least half of its 2013 allowances to be auctioned.
During those debates, Britain, France and Germany urged the E.U. nations to agree to a 30-percent reduction in carbon emissions from 1990 levels by 2020.
Sources: Associated Press brief via FindLaw, Britain, France, Germany urge EU emissions cuts, and