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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.

The data collected by the LGAs LATS Advisory Group showed that 28 authorities need to buy and 62 are able to sell in 2005/6.

However, the data collected so far is, by the LGAs own admission, poor and incomplete. But the advisory group is to establish a project to gather more detailed and better-validated quantitative data.

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