The European Union, responding to industry pressure, will phase in auctions for greenhouse gas emissions permits for refineries and airlines from 2013 as part of a plan to combat climate change, an EU source said.

Speaking after senior European Commission officials put finishing touches to proposals to be adopted on Wednesday, the source said the power generation sector would have to buy 100 percent of emissions permits in auctions from 2013.

Posted: 01|22|08 at 10:51 am. Filed under: UK News.