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Glut predicted for allowances

One million surplus allowances could flood the market in the first year of the Landfill Allowance Trading Scheme (LATS).The Local Government Association (LGA) has collated data from nearly three-quarters of the 121 waste disposal authorities in England and found that in the 2005/6 financial year, supply is likely to outstrip demand.LATS allows local authorities flexibility in meeting their landfill allowances through the ability to trade tonnages with each other. ...