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Environment

Germany opposes EU plans on carbon auctions

BERLIN (Reuters) - The German government wants to limit industry’s required purchase of carbon emissions permits to a maximum of 20 percent a year between 2013 and 2020, government and industry sources told Reuters on Thursday.

That is well below the European Commission’s proposed target of 100 percent by 2020, which Germany and other countries oppose.

The European Parliament’s industry committee recently endorsed plans for CO2 emitters to buy permits for their greenhouse gas emissions from 2013 at auction, while ignoring German pleas for a raft of exemptions.

Reporting by Markus Wacket, writing by Erik Kirschbaum, editing by Anthony Barker

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