The European Commission has suggested options to change the schedule of auctions during phase 3 of the EU’s emissions trading scheme (ETS).
Delays in the adoption of a plan to delay sales of 900 million emission allowances (EUAs) during this period, which was supposed to begin this year with the withdrawal of 400 million EUAs, mean that the initial auction timetable had to be changed.
Now that European Parliament and member state representatives have reached an informal agreement on an amendment to the ETS directive that gives the commission the power to intervene in the carbon market, the EU executive has issued a ‘non-paper’ outlining two options for implementing the backloading plan from 2014.
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