...Czech Republic did not take account of the country's economic growth.
The EU cut the annual allocation of carbon emission rights for the Czech Republic to 86.8 million tonnes per year in 2008-2012 from 101.9 million demanded by the Czechs, down from 97.6 million tonnes in 2005-2007.
"If there is a strong restriction on allowances in the EU, then their shortage will be reflected in the price of electricity," CEZ, by far the biggest Czech polluter, said in a statement.