The European Commission today launched a 12-week consultation on the functioning of the Auctioning Regulation governing the auctioning of emission allowances under the EU emissions trading system (EU ETS).
As of 2019, the Market Stability Reserve is expected to lead to changes in annual auction volumes. Some technical amendments to the Auctioning Regulation are therefore needed. The consultation aims to collect stakeholders’ views on the technical aspects of the implementation of the Market Stability Reserve (Decision EU 1814/2015).
More than 700 auctions of emission allowances have taken place in an effective and efficient manner since auctioning of phase 3 emission allowances started. In these auctions, more than 2 billion allowances have been put in circulation. The consultation will take stock of the experiences so far and help identify any potential areas for further technical improvements.
The consultation will be open for comments until 15 March 2016.