Commission moves forward on promises to strengthen ETS

2012-11-13 13:00 by Anja Reitz

This proposal takes form of a draft amendment to the EU ETS Auctioning Regulation which will be discussed for the first time in the Climate Change Committee on the 14th Nov. "This is a welcoming decision as action is needed to restore confidence and give stronger price signal to investors”, says Bellona Europa’s Chairman, Paal Frisvold.

A  Commission draft report on the EU ETS scheme presents options ranging from creating strong price signals to investors and thereby preserving the market-based character of the ETS to setting up price management mechanisms in order to correct the price and beef up the system.

It’s important to underline that the back-loading will not affect the overall volume of allowances to be auctioned in the 3rd phase only the distribution of auction volumes over the period from 2013-2020.


Source: Bellona Environmental CCS Team - press

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