The draft National Allocation Plan (NAP) indicated that the EU Emissions Trading Scheme (EU ETS) would be responsible for delivering the remaining savings of 1.5 million tonnes of Carbon (MtC) (equivalent to 5.5 million tonnes of carbon dioxide) from 1990 levels by 2010 envisaged under the UK Climate Change Programme from emissions trading for which there are no policies currently in place. With the exception of the power generation sector, allowances to installations have been allocated on the basis of their projected emissions for the first phase of the scheme, which runs from 2005–07. These projections take account of updated estimates of the impacts and policy measures set out in the Climate Change Programme which have already been implemented or for which there are firm plans. Allowances to the power generation sector have been allocated on the basis that this sector will be responsible for the emissions trading savings of 1.5 MtC to be delivered by the EU ETS. This reflects the fact that the power generation sector faces limited international competition and has relatively good low-cost abatement opportunities.