EPA set to levy carbon dioxide fines in 2005

COMPANIES will soon be fined if they produce excess carbon dioxide emissions, new proposals published by the Environmental Protection Agency (EPA) revealed yesterday.

The EPA's Draft National Allocation Plan (DNAP) has for the first time set a limit on the amount of CO2 industries can produce.

Companies breaching this cap will be fined €40 per extra tonne at the end of every year, beginning in 2005.