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Czech Republic still mulling sell of Phase III EUAs

09 Sep 2011 19:07:52 | edcm

The Czech Republic is still mulling whether it would give some EU allowances (EUAs) for free to its electricity sector after 2012 or allocate all these carbon emissions allowances to EU-wide auction, a spokesman for the Ministry of Environment said on Friday.

The environment ministry wants to allocate EUAs for free, under a derogation to full auctioning in the EU emissions trading directive, but has met resistance from the finance ministry which wants to sell the EUAs and generate revenue for state coffers.

"Any decision on selling or giving away the allowances must be a political agreement of the government. There is still no decision," the environment ministry spokesman said.

Last month, a spokeswoman for the ministry had said that the country expects to hand out 110m EUAs to its power sector between 2012 and 2020.

The prediction was made even though the Czech government has not yet decided whether to apply for the free EUAs.

The clock is now ticking for Czech policy makers as they face a 30 September deadline to make a derogation application to the European Commission. MLDB

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