On 19 May, the European Energy Exchange (EEX) published the revised 2022 auction calendar for general allowances.
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On 12 May, the European Commission published the total number of allowances in circulation (TNAC) on the European carbon market.
The European Commission published on 12 May the total number of allowances in circulation on the European carbon market. It amounts to 1 449 214 182 allowances. At the same time last year the amount was 1 578 772 426 allowances.
The European Commission on 18 May presented the REPowerEU Plan, its response to the hardships and global energy market disruption caused by Russia's invasion of Ukraine.
The EU ETS Innovation Fund will play a key role in the REPowerEU action plan. The Commission will double the funding for the next large-scale call to around €3 billion. To this end, we launched a survey to get an indication of the available project pipeline.
We need urgent action to keep the 1.5°C limit agreed in Glasgow within reach. COP27 must deliver a higher level of ambition on mitigation as well as concrete steps to speed up the implementation of the Paris Agreement.
On 31 May, the LIFE Programme announced the five winners of the annual LIFE Awards at a ceremony held during EU Green Week.
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