The European Commission today published a status update on the allocation of allowances from the New Entrants' Reserve 2013‑2020.
In the third trading period of the EU ETS, new installations and installations that increase their capacity are eligible for free allocation from the New Entrants' Reserve. The initial New Entrants' Reserve held 480.2 million allowances.
Until now, 167.9 million allowances have been reserved for 937 installations for the entirety of the third trading period. This leaves 65% of the initial New Entrants' Reserve to be distributed to new installations that will be built in the future as well as existing installations that will increase their capacity until the end of 2020.
The remaining allowances at the end of the third trading period will be transferred into the Market Stability Reserve, out of which 200 million will be used to establish a New Entrants’ Reserve for the fourth trading period from 2021 to 2030.
The table on the allocation of allowances from the New Entrants' Reserve will be updated again in January 2020.